Central Bank of Bosnia and Herzegovina and Austrian National Bank identify new cooperation on SEPA accession and financial literacy

The Central Bank of Bosnia and Herzegovina reported that a delegation from the Austrian National Bank, led by Governor Martin Kocher, met with its management to review the global economic and financial environment and cooperation priorities. Discussions focused on modernising Bosnia and Herzegovina’s payment system through accession to the Single Euro Payments Area and the TIPS Clone instant payment project, alongside trilateral cooperation with the Croatian National Bank and financial education initiatives. The meeting also reaffirmed the existing cooperation between the two central banks, with particular emphasis on Austrian support for strengthening the Central Bank of Bosnia and Herzegovina’s institutional and professional capacity in statistics, economic analysis, financial stability, risk management and digitalisation, as well as joint participation in European Central Bank, European Union and European System of Central Banks programmes. The Austrian delegation also expressed support for the Central Bank of Bosnia and Herzegovina’s reform efforts, and Governor Kocher said the sides had identified additional opportunities for cooperation in financial literacy and knowledge exchange.