The Central Bank of Bosnia and Herzegovina confirmed that the adoption of harmonized financial laws by the legislatures of both entities has met all regulatory requirements for the country to submit its official application to join the Single Euro Payments Area (SEPA). Accession would allow cross-border euro payments under the same conditions as domestic payments, reducing transaction costs and processing times for households, businesses and banks. The central bank will submit the official application to the European Commission and the European Payments Council, following its draft application in December 2025. It is also coordinating technical preparations across banks and payment infrastructure so SEPA payments can begin without delay after accession. More than 80% of Bosnia and Herzegovina’s foreign trade is with SEPA countries, which are also home to most of its diaspora, whose remittances total almost BAM 3 billion annually.
Central Bank of Bosnia and Herzegovina2026-07-28
Central Bank of Bosnia and Herzegovina confirms regulatory requirements met for official SEPA application
The Central Bank of Bosnia and Herzegovina confirmed that both entities have adopted the laws needed for the country to submit its official SEPA application. The bank will apply to the European Commission and European Payments Council while continuing technical preparations for banks and payment infrastructure.