Representatives of the Foreign Investment Promotion Agency of Bosnia and Herzegovina (FIPA), the Ministry of Foreign Trade and Economic Relations of Bosnia and Herzegovina, the Ministry of Economy of Sarajevo Canton and the Municipality of Center, as part of the Aftercare program, visited NLB Bank d.d., Sarajevo and had a meeting with members of the Bank's Management Board.
NLB Bank d.d., Sarajevo entered
the Federation of Bosnia and Herzegovina market in 2005 after the acquisition
of a domestic bank in Tuzla. They currently employ around 500 people. Nova
Ljubljanska banka d.d., Ljubljana, Slovenia invested BAM 52,177,300 in NLB Bank
d.d., Sarajevo as share capital.
In addition to the bank operating
in the Federation of Bosnia and Herzegovina, the NLB Group owns another bank in
Bosnia and Herzegovina - NLB Banka a.d. Banja Luka, which operates as a
separate economic entity on the territory of the Republic of Srpska.
Open issues that the Bank faces
when it comes to digital signature, card operations, and innovations introduced
by the Indirect Taxation Administration of Bosnia and Herzegovina, factoring,
and other challenges in the daily work of the Bank were discussed during the
meeting. Members of the Bank's Management Board also spoke about the
significant introduction of digitalization into the bank's business processes,
as well as that the Bank is a member of the NET-ZERO alliance, and that it has
a significant application of the green energy system in its work.
The Bank's representatives were
also informed about the work of the Collaborative Network, and plans, as well
as the initiation of open issues that the Bank has with institutions, all with
the aim to improve the work, and to continue to invest in the BiH economy.
During the meeting, possible
cooperation between the Bank and the Municipality of Center was also discussed,
and a special meeting was agreed to try to have an agreement on cooperation and
projects.
The visit is carried out within
the Aftercare program that FIPA implements together with other institutions
from the Collaborative Network, which was formed with the technical support of
IFC from the World Bank Group.