Banking Operations Departments

Banking Operations Departments

Assets and Reserves Management Department

The Central Bank of the Republic of Kosovo (CBK) has as its primary objective the preservation and maintenance of a stable financial system. This objective is related to the duties and responsibilities of the Asset Management Department. The Asset Management Department is responsible for the placement of all financial assets under the management of the CBK, as well as for the operation of the central depository system and the platform for trading Government securities.

The primary objective of the CBK is defined in Article 7 of the Law on the CBK, while the relevant duties are summarized in Article 8. Such duties to which the Asset Management Department contributes include the maintenance and management of international reserves; acting as a banker, financial advisor and fiscal agent of the Government; promoting safe, stable and efficient payment, clearing and securities settlement systems; collecting and publishing relevant financial information; informing the Assembly, the Government and the general public about the activity of the CBK; cooperating with and participating in relevant international councils and organizations; and defining policies for promoting and maintaining the stability of the financial system. In particular, the duty of managing international reserves is detailed in Article 15, while the duty of acting as a banker, financial advisor and fiscal agent of the Government is detailed in Article 30.

The work of the Asset Management Department is divided into two separate divisions:

    • Investment Division
    • Government Securities Division 

The Asset Management Department has the following main functions:

    • Investment management, giving priority to safety and liquidity in relation to return;
    • Creation of medium- and short-term plans for the investment of funds, the forecast of revenues on an annual basis by recommending the creation of an adequate structure of policies, systems, procedures, instructions and directives for the identification, measurement, monitoring, development and control of investment activities;
    • Planning of the investment of funds based on the required liquidity; planning of securities trading; checking of the liquidity of these papers in the market before acquisition;
    • Implementation of respect for geographic diversification during investments;
    • Provision of recommendations on approaches that contribute to the stable and efficient operation of financial investments;
    • Cooperation with other units in order to carry out investment operations ;
    • Conduct of regular quantitative analyses on investments and forecasting movements of interest rates and prices of financial instruments in the market.
    • Conduct of activities for trading and reporting securities issued by the Treasury;
    • Management of operations for the primary market and the secondary market of securities;
    • Coordination of work with representatives of the Treasury and commercial banks related to the trading of securities; cooperation with other organizational units in CBK;
    • Organization of auctions of Government securities;
    • Registration, transfer and management of securities transactions;
    • Implementation of control through procedures and policies for market operations;
    • Preparation of short-term and medium-term debt and risk reports and analyses;
    • Analysis of the money market as well as the risk and performance of the relevant institutions;
    • Reporting of processing and payments on interest and maturity of securities;
    •  

Personnel

  • This department currently has 9 people engaged, including the Head of the Department.