CBBH: Saving is One of the Key Generators of Crediting

World Savings Day, October 31, is this year greeted by the conditions brought about by the financial crisis, which has swept across the globe, and of which indirect effects are being felt even in Bosnia and Herzegovina.

In view of World Savings Day, the Governor of the Central Bank of Bosnia and Herzegovina (CBBH), Kemal Kozarić points out that savings becomes one of the key generators of crediting, providing opportunities for new investment, development of the country, employment opportunities, and the improvement of living standards for citizens.

''I hope that citizens will keep their confidence in commercial banks, but also that banks in Bosnia and Herzegovina will appreciate their depositors and reward their trust'', said Governor Kozarić.

Even though all citizens of Bosnia and Herzegovina are not in a position to save, figures indicate that deposits of Bosnia and Herzegovina citizens with banks at the end of September 2008, amount to KM 5,8 billion, which is an increase of over one billion KM or 21% in relation to results from September last year.

Figures from the Central Bank of Bosnia and Herzegovina indicate that from total deposits within the population, a vista deposits make for approximately KM 2,3 billion or 40,4%, while time deposits and savings deposits amount to KM 3,5 billion or 59,6%. In terms of currency structure, approximately two billion KM or 32% are deposits in local currency, approximately 3,4 billion or 60% in Euros, and approximately KM 400 million or 8% in other foreign currencies.

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