News in English     | 02.06.2023. 17:05 |

CBBH makes a Decision on increase of remuneration on required reserve paid to commercial banks

FENA Press release, Photo: FENA

SARAJEVO, 2. juna (FENA) - The Central Bank of Bosnia and Herzegovina (CBBH) made a decision to increase the remuneration paid to commercial banks on required reserve, with the purpose of harmonization with the European Central Bank (ECB) policy and mitigating the impact of the ECB benchmark interest rate growth on bank operations in BH.

According to this decision, commercial banks will be remunerated at the rate of 50 basis points (0.50%) on required reserve holdings with the base in local currency KM, and at the rate of 30 basis points (0.30%) on required reserve holdings with the base in foreign currencies and local currency with currency indexation. Remuneration will not be paid for holdings exceeding the reserve requirement.

When making a CBBH decision on required reserve, all relevant factors were considered, including decisions of the ECB, and trends of key macroeconomic and financial sector indicators, taking care primarily of the currency board stability.

The Decision will be applied as of 1 July 2023, stated the CBBH. 

(FENA) S. R.

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