04.08.2024. / 11:00
SARAJEVO – The credit growth trend that began in the middle of last year was maintained in May, while deposits decreased slightly, according to data from the monthly economic review of the Central Bank of Bosnia and Herzegovina.
PHOTO: CBBH
Compared to the same month last year, the balance of loans increased by 9.4 percent. In the structure of credit growth, a growth in the share of loans to private non-financial companies is noticeable. Interest rates are approximately at the same level as in the previous month, 5.6 percent in the household sector, and 4.3 percent in the non-financial sector.
On a monthly basis, total loans increased by 1.1 percent, and the same contribution to growth was made by the household sector and the sector of non-financial private enterprises (0.5 percentage points each).
The annual growth rate of deposits in May of 7.2 percent is at the level of the one-year average. After fifteen months of growth, total deposits were slightly corrected in May. In addition to the household sector, deposits from the institutions of Bosnia and Herzegovina contributed to the monthly decrease in deposits. At the end of May, their participation in total deposits was 0.8 percent, and the total absolute monthly decrease was 56 million KM.
The balance of term deposits of households along with a slight decrease in transaction deposits of households were the main determinants of the monthly decrease of total deposits of 0.1 percent. On the other hand, the largest positive contribution to the monthly change in total deposits was made by the deposits of non-financial private companies (0.6 percentage points), whose participation in total deposits at the end of May was 22.7 percent.
Compared to the previous month, the base for calculating the mandatory reserve has not changed significantly, while the surplus above the mandatory reserve has been significantly reduced. As a result of the significant reduction of the surplus above the required reserve, in the observed period, a decrease in the balance on the reserve accounts of the banks was recorded, which also affected the reduction of the implicit rate of the required reserve, so it amounted to 17.1 percent at the end of May.
Foreign exchange reserves again recorded a monthly decrease in May, which is largely a consequence of the negative balance of KM purchases and sales with banks and internal depositors. The monthly decrease in foreign exchange reserves amounted to 103.9 million KM, and the balance of foreign exchange reserves at the end of the month amounted to 15.76 billion KM. Observed on an annual basis, foreign exchange reserves are 239.1 million KM higher compared to the same month of the previous year. Indicator.ba
Source: www.capital.ba
