The Governing Council of the Central Bank of Bosnia and Herzegovina (CBBH) adopted the Financial Statements of the CBBH and the Decision on the distribution of the CBBH net profit for the year that ended on December 31, 2023, in which the Central Bank achieved a net profit of 278,261,211.49 BAM.
Based on the Law on the Central Bank of Bosnia and Herzegovina and the Decision of the Governing Council of the Central Bank of Bosnia and Herzegovina dated March 28, 2024, part of the realized profit in the amount of 64,319,561.58 BAM was paid to the appropriate deposit account of the Ministry of Finance and Treasury of BiH.
The CBBH states that the financial result is a consequence of the timely undertaking of a series of investment decisions, at the strategic, tactical and operational level, and the restructuring of the portfolio of foreign exchange reserves, which made it possible to take advantage of the increase in interest rates and the yield of securities in euros and to invest funds on more favorable terms.
The CBBH remains consistent with its investment policy in accordance with legally defined goals and objectives, which implies that the official foreign exchange reserves are primarily managed in a safe, and only then in a profitable manner, the institution announced.
