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BOSNIA AND HERZEGOVINA: BEFORE AND DURING THE CRISIS. Dr Fikret Čaušević fikret.causevic@efsa.unsa.ba Regional Cooperation Council Sarajevo, Holiday Inn Hotel, 24 February 2010. FINANCIAL SECTOR: COMMERCIAL BANKING IN BiH AS PART OF EU MARKET.
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BOSNIA AND HERZEGOVINA: BEFORE AND DURING THE CRISIS Dr Fikret Čaušević fikret.causevic@efsa.unsa.ba Regional Cooperation Council Sarajevo, Holiday Inn Hotel, 24 February 2010
FINANCIAL SECTOR: COMMERCIAL BANKING IN BiH AS PART OF EU MARKET • BiH is already integrated into the European banking system • Most international standards relating to banking regulations are already in place in BiH • Except of integration of the two entities’ banking agencies into a single or the state-level agency • Foreign banks have contributed to the development of commercial banking in BiH – both in terms of technological improvement and by decreasing interest rates in the period 2000-2008 • The year 2009 has seen an increase in average interest rates on loans to enterprises and citizens
GROSS DOMESTIC PRODUCT AND ASSETS OF THE BANKING SECTOR (millions of KM)
BANKING SECTOR ASSETS AND CREDITS TO ENTERPRISES AND TO HOUSEHOLDS IN BOSNIA AND HERZEGOVINA
MERCHANDISE EXPORT, IMPORT, TRADE BALANCE AND TRADE VOLUME OF BOSNIA AND HERZEGOVINA 2000-2009 - millions of KM
MERCHANDISE TRADE OF BOSNIA AND HERZEGOVINA - milions KM
CHANGES IN CREDIT ACTIVITY: THE BANKING SECTOR OF BOSNIA AND HERZEGOVINA (millions of KM)
CHANGES IN CREDIT ACTIVITY AND TRADE DEFICIT OF BOSNIA AND HERZEGOVINA (millions of KM)
TRADE DEFICIT, CURRENT ACCOUNT DEFICIT AND COMPETITIVENESS OF BOSNIA AND HERZEGOVINA
EXTERNAL DEBTS OF SEE COUNTRIES (EBRD: Transition Report 2008)
EXTERNAL DEBT OF CEE COUNTRIES AND BiH(EBRD: Transition Report 2008)
THE MOST PROBLEMATIC FACTORS - DOING BUSINESS IN BiH ACCORDING TO THE WORLD COMPETITIVENESS REPORT 2009-2010 Inefficient government bureaucracy Policy instability Corruption Government instability Tax rates Crime and theft Tax regulations Access to financing Inadequate supply of infrastructure
EASE OF DOING BUSINESS IN CROATIA, SEBIA AND FYR MACEDONIA: DOING BUSINES 2010 – IBRD, WB