CBBH Data on Citizens' Savings

Citizens' savings in BH commercial banks on September 30, 2003, were KM 1,8 billion, which is 11,1 percent increase compared to the end of 2002.

Increasing level of citizens' savings in commercial banks shows that the trust of citizens in the banking sector of BH is increasing, and the important reason for this was the establishment of the Agency for Deposit Insurance of BH, which is obliged to insure and to repay the deposits up to KM 5.000, if the member bank is closed.

The data of the Central Bank of BH (CBBH), which were gathered in accordance with the methodology of the International Monetary Fund (IMF), show that, out of the total citizens' deposits, foreign currency deposits take 73, 5 percent, which is KM 1, 3 billion, while KM deposits take 26, 5 percent, which is close to KM 500 million.

Looking into the maturity structure, time and savings deposits take 52, 8 percent, or KM 950 million, while "a vista" deposits take 47, 2 percent, or KM 850 million.

Eighty percent of KM 1, 8 billion of citizens' deposits is concentrated in eight commercial banks in BH.