Poland to Grant Special Credits to Jewish Loan Banks

THE POLISH GOVERNMENT IS WILLING TO GRANT SPECIAL CREDIT FACILITIES TO JEWISH LOAN BANKS, INDEPENDENTLY OF CREDITS ALREADY EXTENDED TO INDIVIDUAL CO-OPERATIVE BANKS, NOEL ARONOVICI, GENERAL SECRETARY OF THE JOINT RECONSTRUCTION FOUNDATION, ANNOUNCED TODAY.

MR. ARONOVICI’S ANNOUNCEMENT WAS MADE AT A SPECIAL MEETING OF REPRESENTATIVES OF ALL JEWISH CO-OPERATIVE CREDIT BANKS. THE NEW CREDITS, HE SAID, WILL BE GRANTED ON THE BASIS OF A RECOMMENDATION BY THE SPECIAL RECONSTRUCTION COMMISSION ESTABLISHED JOINTLY BY THE FOUNDATION AND THE UNION OF JEWISH CO-OPERATIVE BANKS.