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Faculty of Economics, University PIM , Banja Luka , Bosnia and Herzegovina
Faculty of Economics, University PIM , Banja Luka , Bosnia and Herzegovina
Faculty of Economics, Independent University of Banja Luka , Banja Luka , Bosnia and Herzegovina
Faculty of Economics, Independent University of Banja Luka , Banja Luka , Bosnia and Herzegovina
The development of a country’s finacial szstem is reflected in the diversity of financial institutions that make up it, and the structure of the financial system of selected countries is of a bankocentric type, characterized by traditional banking. The subject of this paper is a comparative analysis of the business of the microcredit sector in the Republic of Srpska, the Federation of Bosnia and Herzegovina, Montenegro and Serbia. The fact is that the microfinance sector is not engaged in the business of receiving deposits, but exclusively by granting loans at extremely high interest rates. Transaction costs are significantly higher in the microfinance sector, compared to the business policies of banks. The paper compares and critically analyzes the components of the microcredit sector of selected countries based on total assets, capital adequacy, interest rate, loans placed by maturity and structure, then based on legislation, transparency and possible directions in microfinance. Data for the microcredit sector were collected for the period from 2020 to 2023, from the reports of the competent institutions for supervision and control of the microcredit sector, reports and publications of the National Bank of Serbia, as well as an additional source of statistics of central banks of selected countries. The aim of this research is an objective and reliable presentation of data along with these methods of work
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