PROFIT OF BOSNIAN BANKS WAS 160 MILLION BOSNIAN MARKS LAST YEAR

SARAJEVO, Bosnia (April 25,2008) - Executive secretary of the Bosnian Banking Association Mijo Misic said in a press conference that the pre-tax profit of the country's banks was 160 million Bosnian Marks last year, with total revenue of 1.53 billion Bosnian Marks. Their total assets have increased to 19,679,000,000 Bosnian Marks.

In the same period, the deposits of citizens increased from 4.2 billion Bosnian Marks to 5.3 billion Bosnian Marks, while the deposits of companies grew at a high 40 per cent rate and reached 9.5 billion Bosnian Marks. This shows that the trust banking customers have in the system in growing, Misic said.

It is the Association’s opinion that Bosnia is not indebted too much, with 11.5 billion Bosnian Marks borrowed from the banks in 2007.
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