The bank sector of BH had a loss of over BAM 77.2 million by the end of Q3 2010, which means it increased since mid 2010 by BAM 15 million. By the end of 2009, it generated profit of BAM 17.5 million.

Secretary of the BH Bank Association Mijo Misic said these data are a reflection of the state of economy and finance overall; it is the reason why our clients are unable to repay their loans regularly, and that is what caused these losses.

Every effort is being undertaken to reduce them, and solutions are being sought through communication with relevant institutions, Misic said. These problems notwithstanding, banks in BH are safe, he assures.