Deputy Governor Cakaj on the occasion of signing the Agreement between KCGF and KfW on the support of enterprises: The financial sector in Kosovo continues to be a successful example

The agreement between the Kosovo Credit Guarantee Fund (KCGF) and the German Development Bank (KfW), which aims to support small and medium-sized enterprises, is an additional confirmation that the financial sector continues to be a successful example, where through close international cooperation, new opportunities for investment and access to finance have been opened, thus contributing to the economic development of the country.

This is what the Deputy Governor for Financial Supervision of the Central Bank of the Republic of Kosovo (CBK), Mr. Milot Cakaj stated, adding that the CBK, through its prudent instruments, constantly ensures that financial institutions implement fair financing practices, in order to increase access to finance, including the most challenging and needy sectors.

In his welcoming remarks, he emphasized that the financial sector of the Republic of Kosovo is one of the most stable in the region.

“The financial sector of our country is one of the most stable in the region, with the lowest level of non-performing loans and a level that is close to the European average”, highlighted Deputy Governor Cakaj.

“This indicator, together with other indicators that reflect our financial stability, shows that we have a stable market, which constantly receives support from international partners”, he concluded.

This Agreement is aimed at strengthening entrepreneurship, where the Republic of Kosovo will benefit 22.1 million euros from the total of 50 million euros re-guarantee funds allocated for the Western Balkans region.