Vice Governor Vidaković, M.Sc. : „CBBH is the Guarantor of the Local Currency Stability“

The Central Bank of Bosnia and Herzegovina (CBBH) is the guarantor of the stability of the currency board and the local currency, the convertible mark, said the Vice Governor of the CBBH, M.Sc. Marko Vidaković when participating in the first Bank Summit, organized by the Association of Serbian Banks, held in Belgrade.

The meeting, which was attended by the leaders of the Central/National banks and the financial sector of the region, was dedicated to current affairs and challenges in the banking sector from the point of view of the regulators, but also of the banks operating in the countries of the region.

At the Bank Summit, Vice Governor Vidaković pointed out that the goal of the CBBH is to preserve the currency board, with full coverage of the convertible mark by the reserve currency, the euro, and that during all the 26 years of its existence, the CBBH has achieved this goal. Thanks to the fact that it took all the necessary measures in a timely manner and amended its investment policies in this and last year, and bearing in mind more favourable conditions for investment, the CBBH will achieve a record profit in this and the next year. This is one of the indicators of successful and responsible operations of the institution, said Vice Governor Vidaković.

With respect to supervision and adoption of regulations related to the operations of banking sector in BH, Vice Governor Vidaković pointed out the fact that it falls within the competence of the Entities, i.e. Banking Agency of the Federation of Bosnia and Herzegovina and the Banking Agency of Republika Srpska, and that the CBBH has the significant role of a coordinator.

Vice Governor Vidaković has assessed the Bank Summit as a good opportunity to exchange experiences and transfer knowledge among participants in the financial markets in the region, expressing pleasure because of the organisation of the conference where the possibilities of mitigating negative effects which banking and financial sectors and economies of the countries in the region on the whole are exposed to were discussed.    

The Association of Serbian Banks stressed that the Summit is only the beginning of what is planned for the future and announced the organisation of the next Bank Summit to take place in December next year.