Succession: Agreement Reached on Distribution of Shares of YUBMES Bank

Today, during the first day of the meeting of the Committee for Distribution of the Financial Assets and Liabilities of the Former SFRY from Annex C of the Succession Agreement, which takes place in Belgrade, the agreement has been reached on distribution of shares of the Yubmes Bank.

It has been concluded that the basis for distribution is the Agreement which was signed in Vienna in 2001, so 27% of the capital of the Yubmes Bank, on the day before it was transformed into a commercial bank, will be distributed according to the key, that is, in percentages established in Agreement from 2001.

This means that the 3.440 shares of Yubmes Bank will be distributed and that BH will receive 533 shares. Decision on whether those shares will be sold or the state will remain the shareholder, will be made later by the BH Council of Ministers.

According to the authorized representative of BH in the Committee, CBBH Vice Governor Ljubiša Vladušić, after defining of relation and ownership of the Yubmes Bank, the value of these shares will increase on stock exchange, and on the day before the distribution, the value of those shares was KM 1.660.000.

Besides the successor countries, one company and two banks from BH are among the 15 largest shareholders – Energoinvest, Central Profit Bank and Union Bank, and also all other smaller shareholders hold rights on a part of the shares according to their share in the capital of the Yubmes Bank.

This meeting will continue tomorrow.

Public Relations Section
Coordinator
Zijada Kovač