The Central Bank of Kosovo (CBK) has reiterated its commitment to enhancing the legal framework and financial infrastructure required to foster long-term economic growth and stability, in line with its mandate.

In its statement titled “EU Commends Stability of Kosovo’s Banking Sector and Reforms by the Central Bank of Kosovo in the 2024 Report,” the CBK highlighted key points from the European Commission’s recent assessment of Kosovo’s financial sector.

“The European Commission’s latest report on Kosovo’s progress toward EU integration acknowledges significant developments within the financial system and the Central Bank of Kosovo (CBK), while identifying areas that still require alignment with EU standards. The report commended the banking sector for its stability, strong growth, high capitalization, and significant increases in lending and deposits compared to previous years. Notably, it welcomed the approval of the Liquidity Risk Management Regulation and recommended continued efforts to implement the Capital Requirements Directive and Regulation,” the statement read.

The report also recognized the CBK’s substantial progress in strengthening its governance structure following the appointment of a new Governor and the completion of the Executive Board.

“Moreover, the new five-year Strategic Plan for 2023-2028, launched by the CBK, is expected to enhance its operational efficiency. The CBK remains focused on developing the legal framework and financial infrastructure needed to support sustainable economic growth and long-term stability, in line with its mandate,” the statement concluded.

/k.s/