Wednesday, October 15, 2008

DEPOSIT- BOOSTING BILL HEADED FOR BOSNIAN STATE PARLIAMENT

SARAJEVO, Bosnia (October 15,2008) - A bill amending the Bank Deposit Insurance Act could be finalized by the end of this week, in which case it would be immediately referred to the Bosnian State Parliament for adoption.

The bill proposes that the current limit of state-guaranteed deposits be raised to 15,000 Bosnian Marks (double the current amount). The announcement was made by the head of the Bosnian Deposit Insurance Agency – Josip Nevjestic.

The initiative for raising this limit has already been submitted to the relevant ministry, Nevjestic says.
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