Citizens' deposits in banks approach 5 billion

Citizens' deposits in banks approach 5 billion

Kosovo families' savings through commercial banks in the country are going up month after month. Currently, citizens' deposits in the banking sector in Kosovo by the end of April have totaled 4 billion and 776m euros, the Economic Bulletin submits. Of all this savings value, 3 billion and 384 [...]

Currently, citizens' deposits in the banking sector in Kosovo by the end of April have totaled 4 billion and 776m euros, the Economic Bulletin submits.

Of all this savings value, 3 billion and 384 million are deposits only of family economies, while 861.6 million non-financial corporations' deposits, and 209.9 of other financial corporations.

According to the latest Kosovo Central Bank report (BQK), about <x0) for April 2022, citizens' deposits in other currency except the euro are worth 202.8m euros.

The annual change in deposits along this period was reflected in an 8.6% percentage of which for family economies was 11.0%, while for non-financial corporations 11.7%, to continue with the change in other financial corporations' deposits by -13.7%.

The interest rate in deposits at the end of April was 1.7%, with 1.6% for family ones, while for non-financial corporations 1.7%.

Meanwhile, the credit-deposit rate gap was at a value of 4.2pp, during this time.

Currently, according to the CEC, the value of banking sector assets in the country is a total of 5 billion and over 890m euros.

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