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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 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.
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 ...
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.
Bank code: Four letters that represent an abbreviated version of the financial institution’s name. Country code: Two letters that indicate the country in which the financial institution is located.
In Kosovo, a state-owned energy company plans to destroy a village to make way for expanded coal mining as the government and the World Bank plan for a proposed coal-burning power plant. The government has already forced roughly 1,000 residents from their homes. Many former residents claim officials violated World Bank policy requiring borrowers to restore their living conditions at equal or ...
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) Raiffeisen Bank (Romania) Raiffeisenbank (Russia) Raiffeisen Bank (Serbia)
On 5 August 2021, Raiffeisen Bank signed an agreement to acquire 100% of the shares of Crédit Agricole Srbija. [3] On 2 September 2022, Crédit Agricole Srbija became RBA bank as a part of the process of merging with Raiffeisen Bank. RBA bank merged by the end of Q2 2023. [4] On 28 April 2023, ceased to exist after the process of merging was ...