Work and residence permit

Banking services

There are currently 8 banks and 52 organisational units operating in the Republic of Srpska, consisting of 7 banks based in the Federation of BiH.

List of banks in the Republic of Srpska currently holding an operating license issued by the Republic of Srpska Banking Agency is given below.

(data from the Banking Agency of Republic of Srpska, January 2022)

Spisak banaka u RS

Guarantees of the Guarantee Fund of the Republic of Srpska

The Guarantee Fund of the Republic of Srpska issues guarantees in the name of securing a part of the loan that the bank approves to the users of funds under guarantee lines, in case the users of funds under guarantee lines cannot offer adequate loan security required by the bank. There are several types of guarantee lines, such as for initial business activities, for companies, for entrepreneurs, for export support, for agriculture and the like. More information on the guarantee lines of the Guarantee Fund of the Republic of Srpska can be found on the website www.garantnifondrs.org.

–íThe Government of the Republic of Srpska organised the Guarantee Programme of Economic Support for Mitigating the Effects of the SARS-CoV-2 COVID-19 Pandemic, as one of the measures to support the economic recovery from the economic effects of the pandemic. The goal of organising the Guarantee Programme is to facilitate access to finance for micro, small and medium enterprises, as well as entrepreneurs, by issuing a guarantee to secure receivables on loans approved by the financial organisation. More information about the Guarantee Programme is available on the website https://garantnifondrs.org/gp-covid19/.

Factoring Law

At the end of 2020, the National Assembly of the Republic of Srpska adopted the Law on Factoring (Official Gazette of the RS, No. 123/20). The aim of passing this law is to regulate factoring as a non-banking financial service, in order to ensure greater availability of financial resources to small and medium enterprises through the purchase of outstanding short-term cash receivables. The Law on Factoring should help economic entities that traditionally have difficult access to bank funds, due to low creditworthiness or inadequate credit security.