Banking sector in Kosovo on its path to meeting European criteria

Banking sector in Kosovo on its path to meeting European criteria

Pristina, 20 January 2016/ Independent Balkan News Agency

By Elton Tota

The Central Bank of Kosovo and German organization Gesellschaft für Internationale Zusammenarbeit (GIZ) discussed today on the delivery of EU standards by the banking system in Kosovo.

For this reason, this bank and German organization hosted the regional conference in relation to the implementation of the second column of the Basel regulation framework.

The scope of the Basel framework is to build a well organized structure to adjust the capital, oversee the banking system and improve further management of the risk relating to the financial stability.

During this conference, governor of the Bank of Kosovo, Bedri Hamza praised the banking system in Kosovo.

“The banking system in Kosovo managed to cope with the world crisis. At the end of the year, nonperforming loans went down to 6.2% as opposed to 8.3% a year ago. This sector continues to have a high liquidity of 43% as opposed to 25%, which is the criterion set by the European Central Bank”, Hamza said.

Present in the conference was also Angelika Viets, German ambassador to Kosovo. She said that her country will continue to back the banking sector in Kosovo and said that the Central Bank of Kosovo must be committed in monitoring this sector, as according to her, there are great challenges in this domain.

GIZ representative in Kosovo, James Macbeth promised his support for this sector, as this sector helps in the economic growth and development of the country.

This conference will last three days and will act as a platform of discussion about the experiences and challenges during the implementation of standards by the experts of the Central European Bank, German Central Bank, German Supervisory Authority and Bank of Slovenia. /ibna/