Central Bank of Kosovo has published the 2017 report on the performance of the country’s economy. According to this report, economic growth in Kosovo in 2017 was 3.7%, while in 2018, according to the bank’s projections, economic growth will be 4.2% to 4.4%.
In 2017, the activity of the financial sector registered a growth, while lending increased by 11.5%. Another important development for the banking sector relates to the decrease of nonperformance loans, which dropped to 3.1%, a level which is much lower than in other countries of the region.
Interest rates on loans continued to drop, making it easier for individuals and companies to have access to funds. The average interest rate for loans at the end of 2017 was 6.8%, compared to 7.2% registered in the same period last year. /ibna/