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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)
The central hub of the network is considered to be the Central Bank of Kosovo (CBK) which is a successor of the Banking Payments and Authority of Kosovo established in June 2008. It is an independent legal entity and reports directly to the Kosovo Assembly .
Most bank account holders have heard of a routing number and may even have had to locate their bank’s routing number to set up direct deposit or transfer money to another U.S. bank. But those ...
A typical British bank statement header (from a fictitious bank), showing the location of the account's IBAN. The International Bank Account Number (IBAN) is an internationally agreed upon system of identifying bank accounts across national borders to facilitate the communication and processing of cross border transactions with a reduced risk of transcription errors.
Factoring is like a credit card where the bank (factor) is buying the debt of the customer without recourse to the seller; if the buyer doesn't pay the amount to the seller the bank cannot claim the money from the seller or the merchant, just as the bank in this case can only claim the money from the debt issuer. [18]
Before being established as the Central Bank of Kosovo, it operated as the Central Banking Authority of Kosovo (Albanian: Autoriteti Qendror Bankar i Kosovës). [1] The official currency in Kosovo is the Euro , which was unilaterally adopted by the United Nations administration for Kosovo in 2002; however, Kosovo is not a member of the Eurozone .
In 2015 the Raiffeisen Bank made a profit again (379 million euros / $420 million). The bank postponed the sale announced in 2014 of its Polish subsidiary, Raiffeisen Bank Polska SA. Another factor that affected the bank's decision to wait with the sale were the elaborate demands by Polish regulators for bank sales.