Bosnias banking assets rise 2.2% y/y in October 2012.

By bne IntelliNews December 4, 2012
The annual growth in Bosnias banking sector assets accelerated to 2.2% in October 2012 from 1.9% a month earlier, central bank data showed. The stock of assets thus reached BAM 22.141bn (EUR 11.3bn) at end-October, up from BAM 22.099bn at end-September. The banking sectors foreign assets, which have been declining in annual terms since February, fell 10.3% to BAM 2.6bn in October after shrinking 11.3% in September. Their share in total assets decreased to 11.6% from 13.2% at end-Oct 2011. The ratio of total bank assets to the projected full-year GDP increased to 86.6% at end-Oct from 85% in the like period of 2011. Total loans, which represent the majority of bank assets (72% at end-Oct), went up by an annual 5% to BAM 15.9bn (EUR 8.1bn) in October after increasing by 5.2% y/y in the previous month. Since end-2011, the loans dynamics has been mainly driven by household lending (up 4.7% y/y in October to BAM 6.8bn). Loans to private and public companies increased marginally by 1.8% y/y to BAM 8.2bn at end-Oct mainly thanks to a 9.1% y/y increase in loans to public enterprises (to BAM 789.5mn), while loans to private enterprises climbed only 1.1% y/y to BAM 7.4bn at end-Oct. We expect this trend to continue in the following months as deteriorating economic situation and high level of non-performing loans (at 12.7% of total loans in Q3 2012, up from 12.6% in Q3 2011) are likely to limit credit expansion.

Bosnias banking assets rise 2.2% y/y in October 2012.

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