Deposit Insurance Agency of Bosnia and Herzegovina is established by the Law on Deposit Insurance in Banks of Bosnia and Herzegovina (“Official Gazette of BiH”, no. 20/02, 18/05, 100/08, 75/09 and 58/13) which was valid until June 17^th, 2020 when the new Law on Deposit Insurance in Banks of Bosnia and Herzegovina (“Official Gazette of BiH” no. 32/20) became effective. Te Law is intended to provide for the protection of deposits of natural persons and legal entities in banks licensed either by the Banking Agency of the Federation of Bosnia and Herzegovina or the Banking Agency of the Republika Srpska and thus contribute to the preservation of the overall financial stability

The Agency is an independent, non-profit legal entity with powers provided for in accordance with the Law. The Agency has its seat in Banja Luka and branch offices in Banja Luka and Sarajevo.

Tasks of the Agency are the following:

1. insuring eligible deposits of natural persons and legal entities in banks;
2. issuing and revoking membership certificates to banks;
3. investing the means of the Deposit Insurance Fund;
4. paying out deposit insurance in the event of a cessation of bank operations;
5. enacting regulations on deposit insurance and operations of the Agency;
6. participating in bank resolution procedures,