Kosovars received 974m-euro loan this year

If we look at the banking sector as the main component of the financial sector, despite the risks expected during the pandemic period, during the course of 2021 alone, it has managed to release new loans 974m euros, which has caused the total credit to be 3.5 billion euros or an annual increase of 12 per cent. Assets continue to grow. Assets in the banking sector have scored 5.6 billion euros, or an annual increase of about 15 per cent... and the banking sector continues to have high public credibility, and as a result, we have increased deposits that have managed to total 4.5 billion euros with a 14.5 per cent increase. On the other hand, the interest rate in credit has dropped to 6 per cent, which has allowed access to finance” to ease, he says.

On the other hand, non-forming loans (bad loans), even after the completion of the mortorium, which has been a period of restructuring, the money still remains low, thus marking 2.6 per cent.

Governor Mehmeti has also shown the way banks win in the first half of this year, which has scored 55m euros.

With the June data, around 55m euros is bank profit. Banks continue to maintain that profit rate they actually have over the years, and it's actually not the result of increasing interest rates, but as a result of better spending management or reducing spending that banks are doing. Now, one thing that we have not only as Kosovo, but also on a global level that also comes out of crisis something good. Since in concrete cases, we have been very cautious in moving to digitisation of the banking sector. But the pandemic caused this process to accelerate. Now the movement towards digitisation has made low costs, increased efficiency for clients, but also for banks”, he says.