Are our savings safe in banks, and who guarantees them?

But there is also a continuing dilemma about how safe these savings are in the event of liquidation of any of the banks.

Experts on financial issues estimate that Kosovo depositors have their means secured while the performance of banks is and will remain stable.

However, some citizens who manage to save small amounts of tools say they have security, although they have no information that in case of bank liquidation, who would compensate for their means.

Ariana Bytyqi, who works in the private sector, says she manages to save from month to month small amounts of money and does not believe that in any case she could lose these savings.

There are months when I save a small sum, but there are times when I spend them immediately. I'm not afraid I'm lost. I'm hoping the banks are safe”, says Ariana Bytyqi.

By contrast, under the Law for deposit insurance, depositors' compensation begins if the Central Bank of the Republic of Kosovo revotes the license and begins the liquidation process of any bank.

Insurance of deposits is the Kosovo Deposit Insurance Fund. In a response to Radio Free Europe, leaders of the Fund say the “Kosovo Deposit Insurance System, which is managed by the Kosovo Deposit Insurance Fund, provides about 98 per cent of total depositors, or over 930 thousand depositors”.

In financial value, the Deposit Insurance Fund is said to provide 610m euros in insurance deposits, or over 21 percent in proportion to the total deposit.

The current deposit insurance limit for a deposit, physical or legal person, at a bank is 4,000 euros. That limit is expected to rise to 5 thousand euros by next year.

However, Milazizim considers the amount guaranteed by the Deposit Insurance Fund low. To convince citizens to save greater assets in financial institutions, this fund, according to him, must reach 10,000 euros.

This amount of guarantee of deposits raised to 10,000 euros. Not to guarantee, but to convince citizens that deposits are safe. And, if the deposits are secure, citizens will even more save the banks. So there could be a double within four years of citizens' savings in Kosovo”, Abazi says.

By contrast, under the Law to provide deposits in Kosovo, the Fund will restore every physical and judicial person -- the sum of the combined total value of deposits secured in all deposit storage accounts in the institution where the security event in Kosovo has taken place.