Vice-President of the Party of Democratic Progress Igor Crnadak spoke about indebtedness on the securities market of the entity in Bosnia and Herzegovina (BiH), Republika Srpska (RS) entity, pointing out that the debts are due on June 28th.
Yesterday, the National Assembly of the RS (NARS) considered the report of the Commission for Securities of the RS for the year 2021.
The report stated that the total turnover on the Banja Luka Stock Exchange in 2021 was 377.8 million BAM.
“Just this year, we borrowed 600 million BAM on the London Stock Exchange. In total, we will return 750 million. All of this was done in conditions where our environment and the image of the RS were assessed as speculative and risky,” said Crnadakyesterday, speaking on behalf of the Caucus of PDP deputies.
He pointed out that the RS has a B3 rating and that the PDP never received information about who bought the bonds and who will earn 150 million BAM in earnings.
Also, he said that the Government of RS does not offer citizens the option to buy bonds.
“Then they come to the Assembly and ask us why citizens don’t buy bonds, and the reason why it will be a problem is because we are a system in which there were various cases and it continued with Bobar and Balkan Bank, Bank Srpske where people lost all of their money by collapsing’ banks,” emphasized Crnadak.
He also commented on the material that was delivered to the deputies and pointed out that the Securities Commission of the RS is certainly the best and most impartial regulator.
He also pointed out that the Government of the RS is “hiding so that they can continue their business in murky water”.
“We had a discussion around June 28th, but this year, RS cannot look forward to Vidovdan. By then, RS needs to return 330 million BAM. When the finance minister was there, she said that we have money, but not in the account. Oh but it is possible to see government working when there is no control,” said the PDP leader.
He also told the members of the NARS that he had found a document for the debt that RS owes since the public is wondering what will happen if the debt is not paid.
“Bond holders have the right to confiscate any company that has more than 50 percent ownership by RS in its ownership structure,” Crnadak explained, Klix.ba reports.
E.Dz.
