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Badel 1862 Account Blocked

The Zagreb Stock Exchange’s website states in the notice from Badel 1862 that two commercial banks have blocked their current account due to overdue credit obligations.

The notice from Badel 1862 also mentions that discussions and negotiations are ongoing regarding the conditions for lifting the block, as well as talks with other commercial banks about long-term solutions for obligations. ‘Given the exceptional cooperation of all commercial banks – creditors of Badel 1862 d.d. and the intensive negotiations aimed at finding the best common solutions, we expect the unblocking of the current account in a very short time,’ the company stated. (G. J.)