SARAJEVO, Bosnia (September 17,2008) - In the opinion of experts, the crisis on the US financial market could have an indirect negative impact on the Bosnian market through local banks making their crediting terms more restrictive, both for retail and corporate sectors. Also, it could further sustain the negative sentiment on the Sarajevo Stock Exchange (SASE).
Mijo Misic of the Bosnian Banking Association does not see the global crisis affecting domestic mortgage market. However, the Bosnian banks could introduce more restrictive procedures for loan approval, as a pre-emptive measure. “Other than that, things are not expected to change, because we are a small economy”, Misic said.
The opinions of stock market analysts vary. SASE’s director Zlatan Dedic says that, based on some contacts, he expects some investors to return in the following period, since the prices of shares have reached their record lows, and they now make attractive investments.