SARAJEVO, Bosnia (December 1,2008) - The heads of the Italian banking group Unicredit, which has headquarters in Banja Luka and Mostar, announced in a press conference that, in the face of the financial crisis, Unicredit plans to strengthen its activities in Bosnia, and does not plan to raise interests considerably.
Board member Federico Ghizzoni also announced that the British magazine The Banker has named Unicredit bank the best bank in Bosnia in 2008. He said the bank would continue to support strongly the development of the Bosnian economy, primarily through the funding of industry and project financing.
Unicredit bank has more than 800,000 clients in Bosnia and assets of almost 326 million Bosnian Marks. Unicredit banka Banja Luka is the market leader with assets of 416 million Bosnian Marks and market share of 20.9 per cent.
Ghizzoni expects interest rates to start dropping in the second half of 2009. Unicredit’s average interest on home loans is 9 percent.