Ankica Kolobarić was born on May 16, 1955 in Mostar, where she completed her elementary and high-school education, as well as the Faculty of Economics. At this faculty, she defended the Master Degree Thesis with the subject "Influence of the Internal Audit on Risk Reduction in the Banking Operations of BH Federation" and in this way she has acquired the title of the Master of Science in Economics.

She has large experience in commercial banking. She attended the professional education for the bankruptcy and liquidation manager, she is an authorized external auditor and also an authorized internal auditor - specialist for banks and financial institutions, economy and budget institutions.  She has been one of the cofounders of the Institute of Internal Auditors of Bosnia and Herzegovina, recognized as the Institute of Internal Auditors of BH by the Global IIA, where she has been an active member and lecturer for ten years,working and contributing to the best possible promotion and development of the internal audit profession as one of the important pillars within corporate management in BH.

Upon the Decision of the Governor and approval of the CBBH Governing Board, on July 1, 2004 she took over the duty of the Chief Audit Executive. From June 1, 2008,she  performed the duty of the Vice Governor in charge of the CBBH Administration and Finance Sector, and on  July 01, 2013, she has been appointed Vice Governor in charge of the Sector for Statistics, Foreign Debt Servicing, European Integrations and Payment Systems. 

By the Decision of the Presidency of Bosnia and Herzegovina dated 13 July 2015, she has been appointed a member of the Governing Board of the CBBH for a term of office of six years.