Positive Operations of the CBBH Continued

On the session held on Wednesday, July 26 2006 in Sarajevo, the Governing Board of the Central Bank of Bosnia and Herzegovina (CBBH) adopted the Financial Statements of the CBBH for the first six months of this year which show that the positive operating of the CBBH continued.

According to the Financial Statements, on June 30, 2006, total CBBH foreign reserves were KM 4, 64 billion which is by KM 444 million higher than on December 31, 2005. Free foreign reserves were also increased and they were KM 187 million at the end of June.

Thanks to the increase of the level of foreign reserves, growth of the interest rates on the invested foreign reserves, as well as the savings made in operation expenses compared to the Plan, during the first six months, the CBBH realized net profit in the amount of KM 30 million. That is by around KM 15, 2 million or 103, 4 % higher compared to the profit projected by the Financial Plan.

Financial Statements of the CBBH for the six months of this year will be sent to the Presidency of BH for consideration and adoption.

Public Relations Section
Coordinator
Zijada Kovač