The World Bank appreciates the positive developments in the financial sector

The Central Bank of the Republic of Kosovo welcomes the latest report of the World Bank “Competition and recovery after COVID-19”.
The report acknowledged the positive developments in the financial sector, the growth of loans and deposits, as well as the capital adequacy requirements, which remain above the limits of the regulation.

Non-performing loans are continuing to be at a low level, which fluctuated between 2.5 and 2.7 percent during January-July 2021.

The report notes that Kosovo’s economy is recovering rapidly, although in the future the risks remain high as the country continues to face the pandemic.

According to World Bank estimates, during this year Kosovo will have economic growth of 7.1%, thanks to the large influx of diaspora, increased exports and consumption, while exports of services by the end of this year will be higher by 9.5 %.

In the medium term, the economic growth of our country will be over 4% and that will be conditioned by the acceleration of vaccination and pandemic management.

For more details, see the link below to access the World Bank report: https://www.worldbank.org/en/region/eca/publication/europe-and-central-asia-economic-update?fbclid=IwAR0ZmO5gwQhBrPz8xEa59xd_GMgesOjFfhC4TXfZ8vSn4bneeqszd9JT674