Bosnias bank assets down by 1.3% y/y as at end-April.

By bne IntelliNews June 3, 2011
Bosnia's central bank reported that the total assets of the domestic commercial banks dropped by 1.3% y/y to KM 20.9bn (EUR 10.7bn) at the end of April. We note that the bank assets fell marginally by 0.4% y/y in March after being previously on the rise for seven consecutive months. The negative development in the month was caused mainly by the booked 6.5% y/y drop of the banks reserves, which followed a 5.4% annual decline a month earlier. Moreover, the foreign assets of the lenders accelerated their decline by 4.2pps during the month to 20.3% y/y as at end-April. Meanwhile, the credits to the central government moderated their increase to 37.2% y/y at end-April, down from a 37.6% annual hike a month earlier. The credits to the private sector reported a slight 1.2% y/y rise in the month, compared to a 0.6% y/y increase in March. In monthly terms, the assets fell by 0.5% in April, while a month earlier they inched up by 0.4% m/m.

Bosnias bank assets down by 1.3% y/y as at end-April.

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