New Measures of the CBBH

4/17/2009

Governing Board of the Central Bank of Bosnia and Herzegovina (CBBH) has delivered new measures, which release to BH banks a part of funds that can be used for financing of real sector. 

With the first measure, the reserve required rate on the term deposits with the maturity over one year will be decreased from 10% to 7%, which will release KM 262 million to the banks.

With the second measure, governments' deposits designated for the development programs are excluded from the basis for calculation of the required reserves.

Both measures will provide higher potentials to the banks for their credit activities, as well as investment in longer period of time, aiming to support the economic sector development.

These measures enter in force on May 1, 2009.

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