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The majority of Serbian banks previously licensed by the National Bank of Serbia to operate in Kosovo have been shut down. These banks previously operated in the official currency of Serbia, the Serbian dinar. [2] Komercijalna Banka ad Beograd is now licensed through the Central Bank of Kosovo. [1]
The nodes of the Kosovo Network Banking system are the mainly commercial banks and other micro financial institutions. The Kosovo network banking system is compounded of eight commercial banks, ten saving and credit association, 12 micro-finance institutions four other non-banking financial institutions and eight insurance companies. [1]
Before being established as the Central Bank of Kosovo, it operated as the Central Banking Authority of Kosovo (Albanian: Autoriteti Qendror Bankar i Kosovës). [1] The official currency in Kosovo is the Euro , which was unilaterally adopted by the United Nations administration for Kosovo in 2002; however, Kosovo is not a member of the Eurozone .
This page was last edited on 12 January 2020, at 06:25 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
In the early 1990s, Albania reformed its banking system to establish a two-tier banking system.In 1991, Banka Tregtare Shqiptare (BTSH) was established from the sub-division of the activities of the Albanian State Bank, the main activity of which was managing the foreign trade operations of the state-owned entities with former socialist countries.
At the end of 2017, the bank had a network of 59 branches and 63 ATM, totalling over 120 locations in Albania. [3] Today the bank is the seconnd largest bank in the country in terms of total assets and the largest one in the loan portfolio sector. [citation needed] Since 2020 Credins Bank has expanded in Kosovo [4] and currently operates 7 ...
According to Kosovo Central Bank's official data, it is shown that Germany holds the highest number of Investors in Kosovo. Right after Germany, with direct foreign investment comes Albania with 23.32%, then Switzerland with 22.71% and Austria with 15.50%. However the level of unemployment and poverty in Kosovo still stands high. [7]
The bank was founded in 1925 in Rome as the National Bank of Albania (Albanian: Banka Kombëtare e Shqipnis, Italian: Banca Nazionale d’Albania, Albanian acronym BKS or BKSH), replaced in 1945 by the state-owned Albanian State Bank based in Tirana (Albanian: Banka e Shtetit Shqiptar, BSS or BSHSH), before taking its current name in 1992.