CBK and EBRD discussed the development of the capital market

The Governor of the Central Bank of the Republic of Kosovo, Mr. Fehmi Mehmeti, met today with representatives of the European Bank for Reconstruction and Development (EBRD).

Governor Mr. Mehmeti informed the officials of this institution regarding the situation in the financial system and thanked the EBRD representatives for the continuous support they gave and are still giving to the Central Bank of the Republic of Kosovo.

On this occasion, Governor Mr. Mehmeti stated that the financial system in the Republic of Kosovo had positive developments by marking an annual growth of 6.9%, while lending marked an annual growth of 11%, interest rates on loans decreased to 6.3%, as well as the non-performing loans rate decreased to 2.6%.

Also, Governor Mr. Mehmeti informed EBRD representatives on positive developments in other sectors, such as the insurance, pension, and microfinance Institutions and non-bank financial institutions.

At the same time, Governor informed EBRD officials regarding the developments in the government securities market, the way the auctions work, the developments in the secondary securities market, and the recent initiative of the CBK regarding the legal framework for making possible trading of REPO instruments.

Moreover, Governor Mr. Mehmeti pointed out that this is a very convenient moment for a assessing the possibility of developing the capital market as an alternative to the advancement of access to finance.

EBRD representatives, led by Mr. Andre Kuusvek, Director of Local Currency and Capital Markets Development Initiative, thanked Governor Mr. Mehmeti for the explanations given and expressed readiness for the support of CBK and Kosovo regarding the possibility of further development of the capital market in the Republic of Kosovo.