There Are Enough Funds for Payments of Small Depositors

12/13/2001

There are enough funds in Hercegovacka Bank's reserve deposit account at the Central Bank of Bosnia and Herzegovina to enable the Provisional Administration to pay out all deposits up to KM 5.000.

"Small depositors who will need to wait until the latter part of the payout period do not face a risk that there will be insufficient funds to pay them, because there are enough funds on the Hercegovacka Bank's reserve deposit account at the Central Bank of BH to make this payments." said the Governor of the CBBH Peter Nicholl.

According to the statement of the Provisional Administration of Hercegovacka Bank the total amount of citizens' deposits is 16 million KM, although the amount of the payments, as it has been stated, will be lower because of the debt clearance of the depositors. Necessary funds are on the reserve account of Hercegovacka Bank at the Central Bank of BH.

 

Public relations office
Duška Jurišić



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