Governing Board adopted the Financial Statements and the Decision on the Distribution of Net Profit 4/9/2024 Tweet The Governing Board of the Central Bank of Bosnia and Herzegovina (CBBH) adopted the Financial Statements of the CBBH for the year ended 31 December 2023, and the Decision on the Distribution of the CBBH Net Profit for the Year that Ended on 31 December 2023. In 2023, the Central Bank of Bosnia and Herzegovina had a net profit in the amount of KM 278,261,211.49. Based on Article 27 of the Law on the Central Bank of Bosnia and Herzegovina and the Decision of the Governing Board of the Central Bank of Bosnia and Herzegovina dated 28 March 2024, a part of the realized profit in the amount of KM 64,319,561.58 was paid to the account of the institution in charge of the budget of Bosnia and Herzegovina, that is, to the relevant deposit account of the Ministry of Finance and Treasury of Bosnia and Herzegovina. The financial result is a consequence of the timely undertaking of a series of investment decisions, at the strategic, tactical and operational level, and the restructuring of the portfolio of foreign exchange reserves, which made it possible to take advantage of the increase in interest rates and the yield of securities in euros and to invest funds on more favorable terms. The CBBH remains consistent with its investment policy in accordance with legally defined goals and objectives, which implies that the official foreign exchange reserves are managed primarily in a safe, and only afterwards, in a profitable way.
