Record household deposits in commercial banks in BiH – Sarajevo Times


Total household deposits with commercial banks in Bosnia and Herzegovina at the end of June this year stood at BAM 14.35 billion, which is the highest level recorded so far, and economists point out that the main reasons are the uncertainty caused by the pandemic and the transfer of money from foreign financial institutions, writes eKapija.

The Central Bank of BiH (CBBH) told Glas Srpske that household deposits made up by far the largest share of total deposits.

Their share is 54.3%, which is why they are an important basis for the financing and operation of banks – they explained to the Central Bank.

According to their data, term and savings deposits at the end of June amounted to BAM 5.45 billion, or 38% of total household deposits.

Of this total, short-term deposits represent BAM 327 million or 6%, and long-term deposits BAM 5.12 billion or 94%. There was BAM 5.03 billion in transaction accounts and demand deposits amounted to BAM 3.87 billion – Central Bank said.

As they point out, household deposits in national currency amount to BAM 6.88 billion, or 48% of the share.

Deposits in euros and other foreign currencies, deposits in marks with an exchange clause linked to the euro amount to 7.47 billion BAM or 52% of total deposits from individuals – specified the CBBH.

Commenting on the data, the executive director of the Association of Economists of the Republic of Srpska SWOT, Sasa Grabovac, said that the record amount of deposits was a consequence of the lack of investment opportunities, which is a pain in the long run. for the environment. in Bosnia and Herzegovina.

Those with more cash are now wondering what to invest in due to the uncertain environment. The increase in this uncertainty has certainly been influenced by the coronavirus pandemic. Money deposited from citizens waits for better times – said Grabovac for Glas Srpske.

Economist Goran Radivojac concludes that one of the reasons for the growth in deposits is that our people have transferred their savings from banks in the EU to banks in Bosnia and Herzegovina.

About Ruben V. Albin

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