SARAJEVO, Sept 1 (Hina) - The Bosnian Federation's banking agency said on Wednesday that the entity's banking sector continued its successful business this year, and increased banking capital.
SARAJEVO, Sept 1 (Hina) - The Bosnian Federation's banking agency
said on Wednesday that the entity's banking sector continued its
successful business this year, and increased banking capital. #L#
By the end of this year's first six month, the overall banking
system's capital assets in the Bosnian Federation amounted to about
2.1 billion euros, which is a nine percent increase in relation to
the same period in 2001.
Credit volumes grew by 32 percent and reached about a billion
euros.
Increased loans to the public and economy resulted in a decrease of
funds on banks' accounts from about one billion at the end of last
year to 790 million and the end of June.
The overall capital of the Federation's banks grew in the first
half-year from about 28 million euros to 281 million.
Overall deposits increased by the same percentage and reached about
157 million euros.
About 574 million euros account for citizens' savings, making a 2.5
percent increase in relation to 2001.
Long-term loans increased from 14.7 to 19.8 percent.
Banks in the Bosnian Federation are mostly in foreign ownership.
Foreign shareholders' capital has exceeded 70 percent and amounts
to 203 million euros.
Foreign investors entirely own seven banks, eight have major shares
and minor shares from two to 42 percent in five banks.
(hina) lml