BPK: Kosovo's Financial System is Liquid

Prishtina, 20 April 2005 – The Financial system in Kosovo is liquid, the majority of banks are working at profit, whereas the deposits are safe, the officials of the Banking and Payment Authority of Kosovo (BPK) said during the introduction of the annual report on Tuesday.

“The BPK is contributing to the development of the financial sector, by lowering the risk on security and stability and by making warnings in the areas where improvement of policies is required,” said BPK Managing Director, Michel Svetchine.

He said that Kosovo has made an evident progress in its path towards a market economy. “But the lack of status discourages foreign investments and integration of the country in the international financial networks”.

ECIKS / KosovaLive