Central Bank of Bosnia and Herzegovina: Best Central Bank Governance CEE 2017

Operating a currency board arrangement that pegs the Bosnia and Herzegovina convertible mark to the euro, the country’s central bank has been instrumental in keeping inflation under tight control whilst setting the wider stage for sustainable economic growth and development.

The Central Bank of Bosnia and Herzegovina (CBBH) maintains a presence throughout the entire country with its organizational Main units in Sarajevo, Banja Luka and Mostar, and Branch offices in Brčko and Pale.

Established in 1997 in accordance with the terms of the Dayton Peace Accord, the CBBH now celebrates its twentieth anniversary. The bank has managed to unify the country monetarily, replacing four different currencies with a single new one.

Acting as an independent entity has allowed CBBH to adhere to a strict currency board regime, ensuring monetary stability by maintaining full coverage in freely convertible currency assets. The bank is also charged with the maintenance of payment and settlement frameworks.

Recognised for its solid governance structure – which reflects the demographic make-up of the country – CBBH has adopted all relevant EU accounting and reporting standards, in the process becoming a valued partner to other central banks in the region.

The CFI.co judging panel commends CBBH on its achievements and recognises the contribution of the bank to the country’s enduring stability. The judges are pleased to offer the Central Bank of Bosnia and Herzegovina the 2017 Best Central Bank Governance CEE Award.

marten

Recent Posts

Nordea Asset Management: Best ESG Team Europe 2024

Nordea Asset Management (NAM) has championed responsible investment for over three decades, beginning in 1988…

2 days ago

SegurCaixa Adeslas: Best Insurer Spain 2024

SegurCaixa Adeslas, a pre-eminent Spanish health insurance company, has demonstrated a formidable and truly impressive…

1 month ago

Banco BPI: Excellence in Sustainable Banking Initiative Portugal 2024

Banco BPI's dedication to sustainability is a beacon of proactive environmental and social responsibility. Beyond…

1 month ago

BSE Ltd: Champions of Capital Market Innovation and Efficiency Asia 2024

BSE Ltd, formerly known as the Bombay Stock Exchange, is a crucial player in India’s…

1 month ago

TMT Investments Plc: Visionary Leaders in Global Tech Venture Capital Europe 2024

TMT Investments Plc, publicly quoted on the AIM market of the London Stock Exchange since…

1 month ago

BNP Paribas Fortis: Outstanding Contribution to SME Financing Benelux 2024

BNP Paribas Fortis is a key player in the Belgian banking sector with a rich…

2 months ago