Yugoslavia to issue few licences to foreign banks

Yugoslavia's central bank saidon Jan. 25 it would issue only a few licenses to foreign bankswhile others would have to buy into existing ones, as part ofefforts to turn around the massively indebted sector."The National Bank of Yugoslavia will issue a few licensesof which probably one will go to an Austrian bank," central bankgovernor Mladjan Dinkic told a news conference. "There are two or three Austrian banks interested in setting up operations in Yugoslavia, so it would depend on who submi

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