“Komercijalna Bank” operates independently in Kosova

This was informed on the occasion of publishing the annual work on the Deposit Insurance Fund in Kosova (FSDK), however still they have not reached to insure deposits in the amount over 2000 euro.

According to the director of FSDK, Violeta Arifi-Krasniqi, until the end of 2011 has assets over 9 million euro, however she said that it is early to talk about insuring the deposits over 2000 euro.

“The total amount of deposits in Kosovar banking system until 31 December 2011 is over 2 billion euro, which shows an increase of 8.6% in comparison with the end of 2010. The total amount of insured deposits up to 2000 euro, on 31 December 2011, is around 299 million euro, with an increase of 14.7% from the first part of 2011,” Arifi-Krasniqi said.

Whereas, the governor of the Central Bank of Kosova (CBK), Gani Gerguri said that “Komercijalna Bank” and “BKT” are free to decide whether they want to insure their deposits in Kosova or not.

However, in the report of FSDK, “BKT” is shown as part of FSDK, but not the “Komercijalna Bank”.

“There are 8 banks in Kosova, 6 of them are as branches, whereas the other 2 are branches. By law, those that are branch have the right to choose, they can insure them in the country where they operate or to insure them through the country where they come from, in this case this applies to ‘Komercijalna Bank’, considering that the level of their operations is low,” Gerguri said.