In conjunction with the World Savings Day, the CBBH publishes available data on deposits. Total household deposits with commercial banks in BiH at the end of September 2024 amounted to 16.94 billion BAM and were 1.42 billion BAM or 9.2 percent higher than in September 2023. Household deposits have the largest share in total deposits with commercial banks, at 51.6 percent, and therefore represent an important basis for financing and functioning of banks.
If we look at household deposits by maturity structure, term and savings deposits at the end of September 2024 amounted to 5.31 billion BAM or 31.4 percent of total household deposits, and were 15.6 percent higher on an annual basis. It is important to emphasize that long-term deposits of individuals recorded an annual increase of 16.7 percent, which is a sure sign of the stability of the banking sector and the result of the initiated actions of quite high interest rates of more than three percent on term savings, savings with special benefits such as interest payment in advance, fixed interest rates, incentive interest rates, etc. Demand deposits of individuals at the end of September 2024 amounted to 3.63 billion KM or 21.4 percent of total deposits of individuals, and were lower by 9.9 percent on an annual basis. Transaction accounts of individuals amounted to 7.99 billion BAM or 47.2 percent of total deposits of individuals and were higher by 16 percent on an annual basis.
In terms of currency structure, at the end of September 2024, total household deposits in domestic currency amounted to 9.53 billion BAM, which accounts for 56.3 percent of the share, mainly due to the large share of household transaction accounts in BAM in the amount of 7.21 billion BAM, deposits in euros and in BAM with a currency clause linked to the euro amounted to 6.70 billion BAM or 39.6 percent, and deposits in other foreign currencies amounted to 707 million BAM or 4.1 percent of total household deposits.
Observed on an annual basis, household deposits in BAM at the end of September 2024 recorded an increase of 14.6 percent (due to a large increase in transaction accounts in BAM of 1.06 billion BAM), and deposits in foreign currencies 3.1 percent, the CBBH announced.
