At its 28th meeting held on 22 November 2010, the Management Board of the Deposit Insurance Agency of Bosnia and Herzegovina has, besides other, discussed also the issue of the insurance premium rate level that shall be applied in 2011. The Management Board has decided that it remains at the previous level, thus the insurance premium rate level for 2011 shall amount to 0,3%.
On October 4th, 2010 Mr. Perica Rajčević has taken the duty of Director of Banja Luka Branch Office of Deposit Insurance Agency of Bosnia and Herzegovina.
Mr. Perica Rajčević, graduated economist from Trebinje has been appointed to this position by the Decision of the Agency’s Management Board after this position remained vacant due to retirement of previous Director of the Banja Luka Branch Office, Mrs. Branislava Lisica.
As per 31 Aug 2010, the total deposits of Member Banks recorded a rise of almost 2% compared to the end of 2009.
Savings deposits as the most important segment of the Member Banks’ deposits, amounting to almost KM 6.2 billion as per 31 Aug 2010 has recorded an increase of 8.5% compared to the end of 2009.
This deposit category is being monitored also on a weekly basis. There are notable minor fluctuations, but monitoring on a monthly basis clearly indicates that the private persons’ savings increases continuously from month to month and has exceeded the level of savings for 5.4% compared to balance as per 30 Sep 2008. (period before “crisis of depositors”).
BBased upon the Decision of the District Commercial Court in Banja Luka, no. 057-0-Reg-10-001248 of 18 Aug 2010, approved is the registration of change of name, change of shareholders and person authorized for representation with the member bank IEFK banka ad Banja Luka therefore the same will continue to operate under the name:
« MF banka « Akcionarsko Društvo Banja Luka
Abbreviated name: MF banka A.D. Banja Luka
The new shareholder of the Bank is an Investment Fund Management Company «MIKROFIN INVEST « d.o.o. Banja Luka in the name of OIF MIKORFIN PLUS MKD « MIKROFIN « d.o.o. Banja Luka.
Since there has been a change in the two telephone numbers of Sarajevo Branch Office of the Deposit Insurance Agency of Bosnia and Herzegovina, we inform you that the number + +387 (0) 33 663 207 is replaced by a new number + +387 (0) 33 226 327, and number + + 387 (0)33 663 095 is replaced by a new number ++387 (0)33 226 323.
Business Report of the DIA BiH for the period from 1 Jan until 30 June 2010 has been adopted at the meeting of the Management Board of the Deposit Insurance Agency of Bosnia and Herzegovina held on 28 July 2010.
Within the reporting period, the total deposits category has increased by 1%, and private persons’ savings, being the most important deposit category, increased for even 7.5%.
Although the year is regarded as rather difficult year, there is evident a continuous increase in deposits from earlier periods. In this way, the previous “crises of depositors’” from the fourth quarter of 2008, when KM 800 million was withdrawn from banks is completely annulled.
Deposit Insurance Agency of BiH is still monitoring on an ongoing basis the operation of banks and compliance with the criteria from the Law on Deposit Insurance in Bank of BiH, and therefore makes a timely decision on the insurance limit which amount to KM 35.000 as of 1 April this year.
Basel, Switzerland 7 May 2010: The International Association of Deposit Insurers (IADI) is announcing the 5h Annual International Week of Deposit Insurance from 7 to 14 May 2010. This year’s week recognizes the numerous initiatives taken by IADI and its members to contribute to financial stability by protecting depositors. The week closely follows IADI’s eighth anniversary on 6 May 2010, with the theme “Deposit Insurance: Contributing to Financial Stability.”
Martin J. Gruenberg, President of IADI observed that “IADI and its members have worked diligently to protect depositors and strengthen deposit insurance systems around the world. We are particularly pleased to be engaged with the International Monetary Fund (IMF), World Bank, Basel Committee on Banking Supervision, and other multinational organizations in the development of a methodology to assess individual deposit insurance programs for compliance with the Core Principles for Effective Deposit Insurance Systems.”
Many of IADI’s members are undertaking or coordinating initiatives to protect consumers and provide public confidence in banks. Such efforts are often acknowledged during the international week of deposit insurance. Initiatives include public awareness campaigns, press releases on the role of Deposit Insurance (DI) in contributing to financial stability and economic growth, financial literacy campaigns provided through secondary and higher learning institutions aimed at promoting financial awareness. Some Members are upgrading their ability to promptly reimburse depositors in the event of bank insolvency and many are using the Core Principles for Effective Deposit Insurance Systems to justify or support legislation that strengthens individual deposit insurance programs, and assessing their systems’ using the Core Principles as the basis.
Deposit insurers are publishing their initiatives through TV broadcast promotions, agreements with insured financial institutions and banker education, press releases, brochures distributed via print and online media, website announcements, multi-lingual advertising campaigns, stakeholder and public briefings, social activities such as assistance to earthquake victims and blood drives, Memoranda Of Agreements with other financial safety net participants, and participation in financial exhibitions. Deposit insurers are upgrading their capacity to communicate with insured depositors through help desks or other means.
Recent international initiatives include:
- In June 2009, IADI and the Basel Committee on Banking Supervision jointly published The Core Principles for Effective Deposit Insurance Systems. The Core Principles set an important bench mark for countries to use in establishing or reforming deposit insurance systems.
- IADI is working with the IMF, World Bank, and several other multinational or international institutions to develop a methodology for assessing compliance with the Core Principles for Effective Deposit Insurance Systems. Completing the Methodology will help establish the Core Principles as the authoritative international standard on deposit insurance.
IADI recently released a guidance paper on the Establishment of a Legal Protection Scheme for Deposit Insurance Systems.
Many IADI members have requested or have been authorized — through law or regulation — to improve their ability to protect depositors and provide financial stability. These actions often reflect experiences from previous crises or lessons learned from responsive policy actions. Going forward, IADI and its Members will work with international organizations and national safety net participants to further improve existing schemes and coordinate transitions from blanket guarantees to explicit limit coverage when financial stability returns.
The International Deposit Insurance Week will be followed by other events co-sponsored by IADI with other organizations that promote international financial stability. The Deposit Insurance Corporation of Japan in Tokyo will sponsor IADI’s Ninth Annual Conference during the fourth week of October 2010. The Annual Conference will focus on financial safety nets going forward, including exit strategies from the financial crisis, re-privation of nationalized banks and mortgage providers. The conference will bring together leading experts to provide a forum to consider the roles of Core Principles in supervision and deposit insurance, necessary prerequisites for effective systems, and individual principles and practitioners’ experience. Several regional annual conferences are also planned over the next year in the following countries: Mexico, Tanzania, Italy, Argentina and Thailand.
IADI is a non-profit organization headquartered at the Bank for International Settlements in Basel, Switzerland. IADI has 60 Members, 6 Associates, and 12 Partners. IADI aims to contribute to the stability of financial systems by promoting international collaboration among deposit insurers and encouraging wide international contact among deposit insurers and other interested parties.
For more information, please contact:
Don Inscoea, Secretary General
don.inscoe@iadi.org
+41 61 280 9931
Kim White, Deputy Secretary General
kim.white@iadi.org
+41 61 280 9933
Upravni odbor Agencije za osiguranje depozita Bosne i Hercegovine, na sjednici održanoj danas, 1. aprila/travnja 2010. godine u Banjoj Luci, donio je odluku o povećanju iznosa osiguranog depozita sa dosadašnjih 20.000 KM na 35.000 KM.
Upravni odbor se opredijelio da u pristupu ovom pitanju ide postepenim koracima, te je za sada limit utvrđen na iznos od 35.000 KM.
Odluku su jednoglasno donijeli članovi Upravnog odbora Agencije za osiguranje depozita Bosne i Hercegovine i donatori.
Navedena odluka stupa na snagu danom donošenja, 1. aprila/travnja 2010. godine.
Based upon Decision of the Management Board of the Deposit Insurance Agency of Bosnia and Herzegovina of 28 January 2010, Union Banka d.d. Sarajevo is admitted into deposit insurance program starting as of 1 February 2010. Union Banka d.d. Sarajevo has, thereby, become the 25th Member of the deposit insurance program.
With changes to the Law on Deposit Insurance in Banks of Bosnia and Herzegovina from September 2009, limitation of participation for banks with state-owned capital in shareholders capital in deposit insurance program was erased and based on that legal preconditions for admission of this bank were attained.
