29 Oct 2010 / 17:23
Household deposits in commercial banks in Bosnia increased by over € 380 million in the past twelve months indicating that the public confidence in the banking sector continues to grow, the country’s Central Bank, CBBH, said Friday.
Household deposits in commercial banks in Bosnia increased by over € 380 million in the past twelve months indicating that the public confidence in the banking sector continues to grow, the country’s Central Bank, CBBH, said Friday.
Sabina Arslanagic
“This positive trend is due to restored confidence in the banking sector which was temporarily hurt by the global economic crisis,” the CBBH said in a statement.
At the end of September, household deposits amounted to some 3.1 billion euros and accounted for 49.3 percent of all deposits in commercial banks in Bosnia, the CBBH said in a statement.
Demand deposits accounted for 38.5 percent and time and savings deposits for 61.5 percent of all household deposits in commercial banks.
Foreign currency household deposits were still dominant and amounted to over 1.9 billion euros or 61.4 of all deposits.
According to a recent assessment by the International Monetary Fund, IMF, banks in Bosnia which are 80 percent foreign-owned, dealt well with the global economic crisis.
The IMF said that foreign parent banks in the country have kept their subsidiaries well capitalized, however warning that “continued vigilance” was required due to the rising non-performing loans and declining bank profitability.
According to the CBBH data, in the second quarter of this year, non-performing loans accounted for 8.7 percent of commercial banks total credit portfolio.
“This positive trend is due to restored confidence in the banking sector which was temporarily hurt by the global economic crisis,” the CBBH said in a statement.
At the end of September, household deposits amounted to some 3.1 billion euros and accounted for 49.3 percent of all deposits in commercial banks in Bosnia, the CBBH said in a statement.
Demand deposits accounted for 38.5 percent and time and savings deposits for 61.5 percent of all household deposits in commercial banks.
Foreign currency household deposits were still dominant and amounted to over 1.9 billion euros or 61.4 of all deposits.
According to a recent assessment by the International Monetary Fund, IMF, banks in Bosnia which are 80 percent foreign-owned, dealt well with the global economic crisis.
The IMF said that foreign parent banks in the country have kept their subsidiaries well capitalized, however warning that “continued vigilance” was required due to the rising non-performing loans and declining bank profitability.
According to the CBBH data, in the second quarter of this year, non-performing loans accounted for 8.7 percent of commercial banks total credit portfolio.
balkan insight
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