EBRD to help boost financial stability in Bosnia and Herzegovina

Region:

Europe

The European Bank for Reconstruction and Development (EBRD) is providing a €30 million standby credit line to the Deposit Insurance Agency of Bosnia and Herzegovina to ensure that citizens and businesses are protected against potential vulnerabilities in the financial sector during the coronavirus pandemic.

The new facility will safeguard the financial sector and strengthen the deposit insurance system in Bosnia and Herzegovina by providing funds to help ensure the protection of retail and corporate banking clients.

It replaces an existing €50 million standby credit line signed by the EBRD in 2010 with the agency, an independent public institution established to provide insurance to the owners of deposits held with local banks.

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