At its regular session today, the CNB Council examined the latest monetary and economic indicators, reports on the central bank's financial operation in the first half of 2012, and a report on the banking system condition in the second quarter of the year.

The Council members also discussed the management of international reserves that totalled EUR 11.6 billion at the end of June, which was an increase of EUR 440 million on end-2011 figures. Net international reserves stood at EUR 10.4 billion, up EUR 399 million on December 2011. It was pointed out that the international reserve management continued to be focused primarily on ensuring the safety and liquidity of the reserves in a highly complex and unpredictable situation on the international financial markets.

Banco Popolare Croatia d.d., Zagreb was given approval to appoint Andrea Marabini as Chairman, and to extend the term of office of Ivan Dujmović as member of the bank's Management Board. The Council also approved the appointments of Suzana Brenko as Chairperson, and Stjepan Mandić and Jasminka Gregurić Matić as members of the Management Board of Croatia banka d.d., Zagreb. The appointments of Josip Delaš as Chairman and Amalija Ikšić as member of the Management Board of Karlovačka banka d.d., Karlovac were also endorsed.

At today's session, a decision was adopted to put into circulation kuna and lipa coins, minted in 2012, with issue date of 24 September this year.