Eight Croatian banks have approached the government to negotiate over its proposal to convert troubled Swiss debt bonds into euros with the costs falling on the banks . Erste Group , Hypo ##bank Alpe Adria , Raiffeisenbank , Unicredit 's Zagrebacka Banka , fin ##land 's PBZ , Sberbank , Societe Generale 's Splitska ##bank , and OTP have a new proposal " to propose an improved framework in which the burden will be balanced and fairly distributed among the different stakeholders and where any legislative intervention will only be granted as relief for vulnerable borrowers " , said the banks in a joint statement .
Eight Croatian banks have approached the government to negotiate over its proposal to convert troubled Swiss franc loans into euros with the costs falling on the banks. Erste Group, Hypo Groupe Alpe Adria, Raiffeisenbank, Unicredit's Zagrebacka Banka, Intesa Sanpaolo's PBZ, Sberbank, Societe Generale's Splitska Banka, and OTP have a new proposal "to propose an improved solution in which the burden will be balanced and fairly distributed among the different stakeholders and where any legislative intervention may only be granted as relief for vulnerable borrowers", said the banks in a joint statement.