Transparency International: RS Banking Agency responsible for liquidation of Bobar Bank

Thousands of citizens in the BH entity of Republika Srpska have found themselves in agony, after Bobar Bank declared liquidation, and 200 bank employees lost their jobs, writes BH news agency Patria (NAP).

Clients who had term deposits exceeding 50,000 KM in this bank cannot withdraw their money, and all citizens who had loans with the bank, as well as their guarantors, have had their accounts blocked since a few days ago.
Citizens warn that what worries them most is that they do not know which institution in the country they should turn to in order to report the problems they have encountered with Bobar Bank.

Transparency International warns that the RS Banking Agency is the main culprit for the bank's liquidation, because this agency supervised the bank's operations all along. They should have recognized the problems in time and stopped further deterioration.

Ivana Korajlić from TI tells Patria that the Agency, just like the citizens, did not want to provide complete documentation on the Bobar Bank case, and that in fact no one knows the real truth about the liquidation of this bank. The report that the Agency submitted to the Prosecutor's Office is also so sparse that it is unbelievable that such a report came from a state institution like the RS Banking Agency, warns TI, writes NAP.