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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]
Raiffeisen Bank International (RBI), the group's central institution Raiffeisen Zentralbank, the group's former central institution until merger into RBI in 2017; Group subsidiaries in central and eastern Europe: Raiffeisen (Albania) Raiffeisenbank (Czech Republic) Raiffeisen Bank (Hungary) Raiffeisen Bank (Kosovo)
Kosovo is an upper-middle income economy according to the World Bank, [18] and is a member of the World Bank and the International Monetary Fund. Its official currency is the euro. Kosovo has seen consistent economic growth since the end of the Kosovo War in 1999, with a positive growth rate in every year except 2020, during the COVID-19 ...
The Kosovo banking network system is an informal and complex network in a sense that it ensures the flow of financial transactions and macroeconomic stability in the country including the Central Bank and other micro financial institutions.
In 2005, UPC became a part of Raiffeisen Bank International. [13] In 2007, UPC started to provide services on the international market. Now UPC processes payment cards, provides ATM and POS acquiring services in Hungary, Albania and Kosovo, and supports electronic commerce in Croatia.
A few commercial banks began operating from the beginning: Kasabanka New Bank Of Kosovo, NLB, BpB Private Business Bank, Commerce Bank, Pro Credit Bank (formerly MEB), Raiffeisen Bank, National Commercial Bank, TEB Bank, followed by microfinance institutions and insurance companies.
Kosovo has so far attracted over 1 billion Euro of FDI. Apart from investment pioneers such as the Raiffeisen Bank and Procredit, which entered the Kosovar market at the beginning of the transition phase, there are many other foreign companies engaged in a wide range of business sectors.
There are nine operational banks with branches in Prizren, ProCredit Bank, the Raiffeisen Bank, the NLB Bank, TEB Bank, Banka për Biznes (Bank for Business), İşbank, Banka Kombëtare Tregtare (National Trade Bank), Iutecredit, and the Payment and Banking Authority of Kosovo (BPK). [86]