Wednesday, May 7, 2008

FBIH ENTITY DEVELOPMENT BANK ACT ADOPTED

SARAJEVO, Bosnia (May 7,2008) – The FBIH Entity’s House of Representatives adopted yesterday the FBIH Entity Development Bank Act, which should in future manage the capital of the present FBIH Entity Investment Bank.

Its capital will be increased by 400 million Bosnian Marks, provided by the FBIH entity’s government.

The new bank’s Assembly will consist of members of the government, who will appoint the supervisory board, on the recommendation of the finance ministry.
This board will then appoint a CEO and executive directors, after inviting applications.
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