About us
Deposit Insurance Agency of Bosnia and Herzegovina is established by the Law
on Deposit Insurance in Banks of Bosnia and Herzegovina. (“Official Gazette of
BiH” no 20/02)
Mr. Robert C. Demler, JR (Resident Department of the US Treasury, Advisor for
Banking Issues at the Ministry of Finance of Federation of BiH), Mr. Rainer
Müller (GTZ GmbH – Project Manager for the establishment of the deposit
insurance scheme in BiH) and and Romeo Esangga (GTZ GmbH – Resident Consultant)
have given great support in the establishment of the Deposit Insurance Agency of
BiH, as well as advisory and technical support within the Agency’s operations.
The Agency is an independent, non-profit, legal entity with full authority
under the Law of the State.
The Agency comprises of the Head Office and Branch Office in each entity.
Head Office of the agency is located in Banja Luka, and there is one Branch
Office in Sarajevo and Banja Luka.
The Agency is a permanent member of two international associations: the
International Association of Deposit Insurers (IADI)
and European Forum of Deposit Insurers (EFDI).
Field of operation
Primary tasks of the Deposit Insurance Agency of Bosnia and
Herzegovina are as follows: to provide for protection of
deposits (“eligible deposit” represents the aggregate of all
assets deriving from deposits, savings accounts or bank
certificates deposited by a depositor in a Member Bank) of
natural persons in Member Banks in accordance
with the Law on Deposit Insurance in Banks of Bosnia and
Herzegovina; issuing of the deposit insurance membership
certificate to the banks which meet the following criteria for
participation in deposit insurance scheme:
- capital,
- liquidity,
- asset quality,
- management,
- profitability,
- accounting standards and
- reserves;
membership suspension or termination; investment of the capital of the
Deposit Insurance Fund in line with restrictions prescribed by the Investment
Policy of the Agency based upon the Law on Deposit Insurance in Banks of BiH;
payout of insured deposits in case of cessation of Member Bank’s operations in
line with the Law on Deposit Insurance in Banks of BiH; issuing of the
enactments which are to regulate deposit insurance and Agency’s operations in
accordance with the Law on Deposit Insurance in Banks of Bosnia and Herzegovina.
Member Banks pay insurance premium, whereat average total eligible deposits
as per the end of each month increased for accrued interest are used as
insurance premium basis. The premium is paid quarterly. The quarters begin the
first day of January, April, July and October. The premium rate amounts to 0,3%.
At minimum of once a year, the Management Board of the Agency shall determine
the level of the insurance premium rate of all Member Banks, based on
recommendation provided by the Director of the Agency.
The maximum amount of an insured deposit together with calculated interest to
be reimbursed by the Agency per member bank is eligible deposit decreased by the
law or contracted debt of the natural person toward member bank in the amount
determined by the Decision of the Agency’s Management Board which now amounts to
KM 35.000 or which is smaller.
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