{
  "title": "Bosnia and Herzegovina: Financial System Stability Assessment",
  "publication": "IMF Staff Country Reports, July 9, 2015",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/bosnia-and-herzegovina-financial-system-stability-assessment-43065",
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  "summary": "This paper discusses key findings of the Financial System Stability Assessment on Bosnia and Herzegovina (BiH). The financial system in BiH is still dealing with the aftershocks of the global financial crisis as well as deep-seated vulnerabilities.",
  "sections": [
    {
      "heading": "Executive summary",
      "content": "- Publication date: July 9, 2015\n- Format: IMF Staff Country Reports 2015, 177 (2015)\n- Pages: 76\n- Volume: 2015\n- Issue: 177\n- Series: Country Report No. 2015/177\n- DOI: https://doi.org/10.5089/9781513546636.002\n- Stock No: 1BIHEA2015002\n- ISBN: 9781513546636\n- ISSN: 1934-7685"
    },
    {
      "heading": "Key findings",
      "content": "- The financial system in Bosnia and Herzegovina (BiH) is still dealing with the aftershocks of the global financial crisis as well as deep-seated vulnerabilities.\n- A high system-wide nonperforming loan ratio reflects:\n  - the impact of the crisis,\n  - low growth since then,\n  - a history of lax lending policies.\n- Bank governance problems, weak supervision powers, and related-party loans are obstacles to:\n  - addressing asset quality problems,\n  - re-establishing bank profitability.\n- Banking and insurance oversight have improved since the 2006 Financial Sector Assessment Program, but supervisors’ corrective and enforcement powers are weak.\n- Identifying ultimate beneficial owners and related-party lending is problematic."
    },
    {
      "heading": "Risks and vulnerabilities",
      "content": "- Elevated nonperforming loans concentrated across the system.\n- Low economic growth since the global financial crisis impeding debt restructuring and loan recovery.\n- Legacy lax lending practices contributing to persistent asset-quality weaknesses.\n- Governance weaknesses at banks that hinder timely corrective action."
    },
    {
      "heading": "Regulatory and supervisory issues",
      "content": "- Supervisory improvements since the 2006 Financial Sector Assessment Program have been achieved, but:\n  - supervisors’ corrective and enforcement powers remain weak;\n  - identification of ultimate beneficial owners is problematic;\n  - related-party lending is difficult to detect and address.\n- Deposit insurer and bank resolution framework issues are among the subjects covered."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subject: Bank resolution framework, Banking, Commercial banks, Financial crises, Financial institutions, Financial Sector Assessment Program, Financial sector policy and analysis, Insurance companies, Stress testing\n- Keywords: authorities of Bosnia and Herzegovina, authority, bank, Bank resolution framework, Bosnia and Herzegovina's authorities, Commercial banks, CR, deposit insurer, Financial Sector Assessment Program, Global, Insurance companies, ISCR, re-establishing bank profitability, standing liquidity facility, Stress testing\n\nInternational Monetary Fund. Monetary and Capital Markets Department \"Bosnia and Herzegovina: Financial System Stability Assessment\", IMF Staff Country Reports 2015, 177 (2015).\n\n---\n\n Content in this bundle\n\n- cr15177\n  - cr15177 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr15177 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: July 9, 2015",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513546636.002",
    "Publication date: July 9, 2015",
    "Format: IMF Staff Country Reports 2015, 177 (2015)",
    "Pages: 76",
    "Volume: 2015",
    "Issue: 177",
    "Series: Country Report No. 2015/177",
    "DOI: https://doi.org/10.5089/9781513546636.002",
    "Stock No: 1BIHEA2015002",
    "ISBN: 9781513546636",
    "ISSN: 1934-7685",
    "The financial system in Bosnia and Herzegovina (BiH) is still dealing with the aftershocks of the global financial crisis as well as deep-seated vulnerabilities.",
    "A high system-wide nonperforming loan ratio reflects:",
    "Bank governance problems, weak supervision powers, and related-party loans are obstacles to:",
    "Identifying ultimate beneficial owners and related-party lending is problematic.",
    "Elevated nonperforming loans concentrated across the system.",
    "Low economic growth since the global financial crisis impeding debt restructuring and loan recovery.",
    "Legacy lax lending practices contributing to persistent asset-quality weaknesses.",
    "Governance weaknesses at banks that hinder timely corrective action.",
    "Supervisory improvements since the 2006 Financial Sector Assessment Program have been achieved, but:",
    "Deposit insurer and bank resolution framework issues are among the subjects covered.",
    "Subject: Bank resolution framework, Banking, Commercial banks, Financial crises, Financial institutions, Financial Sector Assessment Program, Financial sector policy and analysis, Insurance companies, Stress testing",
    "Keywords: authorities of Bosnia and Herzegovina, authority, bank, Bank resolution framework, Bosnia and Herzegovina's authorities, Commercial banks, CR, deposit insurer, Financial Sector Assessment Program, Global, Insurance companies, ISCR, re-establishing bank profitability, standing liquidity facility, Stress testing",
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