Raiffeisen Kosovo cuts interest rates for 2%

The Austrian owned Bank Raiffeisen Kosovo has cut interest rates 2 percent for mortgage loans and renovation.

According to chief executive Robert Wright, the reduction of these loans from 11 to 9% is a good opportunity for customers to invest in buying and renovating their houses or apartments.

He expects this to positively influence the mortgage market in Kosovo. Wright has also introduced the “financial mosaic”, which includes four financial products such as personal loans, over draft, credit card and loan repayment insurance.

Raiffeisen Kosovo is one of the two largest banks in Kosovo.