News in English     | 06.04.2023. 13:18 |

FBiH Banking Agency introduces new measures to mitigate the risk of rising interest rates

FENA Press release, Photo: Ilustracija

SARAJEVO, April 6 (FENA) - The Banking Agency of the Federation of Bosnia and Herzegovina (FBA) adopted new by-laws - A Decision on temporary measures to limit the bank's exposure and a Decision to supplement the Decision on temporary measures to mitigate the risk of the interest rate growth, which come into force effective on the date of adoption.

The agency announced that it continuously monitors risks and changes that may affect economic conditions and the state of the banking system, and above all risks related to a significant increase in interest rates because these risks are also present in 2023.

"In accordance with the competencies of the Agency, the decisions made, as well as the continuation of the Agency's activities in 2023, are additionally aimed at preserving the economy and avoiding the transmission of negative effects from other markets," the FBA emphasized.

 

 

(FENA) S. R.

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