Decisions adopted by the Governing Board on the occasion of its 285th regular meeting on 4 March 2004

Important matters dealt with and decisions taken by the Bank of Slovenia Governing Board on its 285th regular meeting on 4 March 2004:

1. The Board reduced the interest rates of the Bank of Slovenia 270-day Tolar bills from 6.25% to 5.75% p.a.
   
2. The Board took note that the credit and loan undertakings had adopted appropriate decisions regarding their adjustment to and full compliance with the Banking Act by the deadline stipulated in the Banking Act (20 February 2004), and that implementation of these decisions is taking due course. The majority opted for a merger with the Union of Credit and Loan Undertakings. Two decided to preserve independent operation and the existing organizational structure. Pursuant to the rules and regulations issued based on the Banking Act, the two need to deliver the audited report on compliance with the Banking Act to the Bank of Slovenia and file in the application for the banking license by 20 July 2004.
   
3. The Board adopted the decision to issue and put into circulation a memorial coin commemorating 250th anniversary of birth of the mathematician Jurij Vega. Golden and silver coins with the nominal value of SIT 25,000 and SIT 5,000 respectively shall be for sale, and the coin with the nominal value of SIT 500 shall be put into circulation as of 15 March 2004.