Agencija za Bankarstvo Republike Srpske

Press Release on Introducing a Provisional Administration in Banka Srpske a.d. Banja Luka

16.11.2015. yr.

Number: 03-1676-15/2015

Pursuant to Article 108 of the Law on Banks of Republika Srpska (''Official Gazette of Republika Srpska'', no. 44/03, 74/04, 116/11, 05/12 and 59/13) and Article 5, paragraph 1, point b) of the Law on the Banking Agency of Republika Srpska (''Official Gazette of Republika Srpska“, no. 59/13), the Banking Agency of Republika Srpska, as an authorized bank supervisor,  by its Decision no. 03-1658/2015 issued on 11/11/205, introduced a provisional administration in Banka Srpska a.d. Banja Luka and appointed a Provisional Administrator to Banka Srpske a.d. Banja Luka, starting as of 16/11/2015.

Petar Micic, an economist from Banja Luka and an employee of the Banking Agency of Republika Srpska, assumed the office of Provisional Administrator starting as of 16/11/2015.

Business operations of Banka Srpska a.d. Banja Luka were not in accordance with the Law on Banks of Republika Srpska and other law and by-law requirements, which led to the appointment of Provisional Administrator. 

Within 60 days following his appointment, Provisional Administrator is obliged to propose in writing to the Banking Agency of Republika Srpska the measures stated in Article 113 of the Law on Banks of Republika Srpska.

During the mandate of Provisional Administrator, all rights of the Bank Supervisory Board, Audit Board, and management are suspended, while the Provisional Administrator assumes all the responsibilities of the Bank Supervisory Board, Audit Board and management, in accordance with the Decision on appointment. Provisional Administrator is responsible for the future operation of Banka Srpske a.d. Banja Luka.

For questions related to the assets and liabilities of Banka Srpske a.d. Banja Luka please contact the Provisional Administrator via address Banka Srpske a.d. Banja Luka, Aleja Svetog Save no. 61, Banja Luka, fax: 051/245-145

 

                                                                                                        Banking Agency of Republika Srpska