The Meeting of the Standing Committee for Financial Stability Was Held

Today, on 09 December 2014, in Sarajevo, a regular meeting of the Standing Committee for Financial Stability was held, and the comprehensive plan of activities in crises has been adopted. This plan represents a set of measures and procedures which the competent institutions, members of the Standing Committee for Financial Stability undertake, independently or in cooperation with other members of the Standing Committee and other regulatory institutions, with purpose of preventing and avoiding crises, as well as management and acting in crises, when they take place, with the objective of preserving financial stability.

Current situation in the banking sector was considered at the meeting, and it was concluded that the banking sector is stable, liquid and well capitalized. The problems in operations of Bobar banka a.d. Bijeljina are an isolated case and they have no systemic impact on the financial stability of BH banking sector. All the deposits up to KM 50,000.00 are insured by the BH Deposit Insurance Agency. With purpose of solving the problems in Bobar banka a.d. Bijeljina, the relevant measures are taken, which are defined by the Law on Banks of Republika Srpska and The Law on the Banking Agency of Republika Srpska.

The today's meeting was chaired by Governor of the Central Bank of BH, Kemal Kozarić, Ph.D., and the meeting was attended by the representative of the Ministry of Finance and Treasury of BH Miroslav Tomić, Minister of Finance of the Federation of BH Ante Krajina, representative of the Ministry of Finance of RS Snježana Rudić, Director of the Banking Agency of RS, Slavica Injac, Director of FBH Banking Agency Zlatko Barš and Director of BH Deposit Insurance Agency Josip Nevjestić. The meeting was also attended by the representatives of the International Monetary Fund, including the Head of Mission Ron Van Rooden.