Standing Committee for Financial Stability Held the Session

At the meeting held today, on 27 January 2015 in Sarajevo, the Standing Committee for Financial Stability recommended to Hypo Alpe Adria Bank in both BH Entities, which have approved loans in Swiss francs, to offer solutions acceptable for their clients, users of these loans, within a period of seven days.

Solutions offered by these commercial banks will be discussed at the next meeting of the Committee for Financial Stability.

The Committee accepted the information of the Deposit Insurance Agency on the payment out of insured deposits in Bobar Banka ad Bijeljina. So far, the obligation to pay out the insured deposits was carried out in case of 8,582 depositors, totaling to app. KM 60 million. About 60 percent of paid out money remained in the banking channels. It is expected that the majority of insured deposits will be paid out during the next ten days.

The meeting of the Standing Committee for Financial Stability was chaired by the Governor of the Central Bank of Bosnia and Herzegovina (CBBH) Kemal Kozarić,Ph.D. and it was attended by the Minister of Finance and Treasury of BH Nikola Spirić, Ph.D., the Finance Ministers of the Federation of Bosnia and Herzegovina and Republika Srpska: Ante Krajina and Zoran Tegeltija, Directors of the Entities' Banking Agencies: Zlatko Barš and Slavica Injac, Director of Deposit Insurance Agency Josip Nevjestić and Resident Representative of the International Monetary Fund in BH Ruben Atoyan.