Governor Ismaili informs diplomatic mission chiefs of developments in the financial sector

Kosovo Central Bank Governor ( BQK), Ahmet Ismaili, has presented to representatives of diplomatic missions and international institutions in Kosovo macroeconomic developments, the financial sector situation and reforms aimed at further integration of the country into the European financial system.

Representatives of the European Union, Council of Europe, attended the meeting, EULEX, World Bank, European Bank for Reconstruction and Development ( BERZH) and International Monetary Fund ( IMF), Ismaili stressed that Kosovo’s financial sector continues to be stable, stable and well-capitalised.

According to data presented by the CEC, the capital adequateity rate in the banking sector is 16.4 per cent, the indicator of liquidated coverage about 300 per cent, while non-aligned loans constitute only 2 per cent.

One of the main priorities of the CEC remains Kosovo’s membership in the Euro Self Paying Zone ( SEPA), the process meant to enable cross-border transfers to the fastest, safer and lower cost euros.

According to Central Bank estimates, SEPA membership could generate annual savings of over 55m euros for citizens, businesses and diaspora.

The CEC has indicated that, following the adoption of amendments to the legislation on preventing money laundering and fighting terrorist financing, internal procedures for the official surrender of Kosovo’s application to the European Tax Council ( EPC).

Another project presented was the system T IPS Clone ( TIP The S-K, which is under way in co-operation with the Bank of Italy. This new infrastructure aims to enable immediate payment within seconds, 24 hours a day and throughout the year.

According to the CEC, preparations for this system are advancing, as the start of the pilot phase is targeted by the end of November 2026, depending on the completion of technical tests and the fulfillment of requirements for operational readiness.

During the presentation, Ismaili also stressed reforms that are being implemented to strengthen financial sector supervision, advance regulatory framework according to European Union standards, protect consumers and modernise payment systems.

Financial stability, institutional reforms and European integration are priorities that reinforce each other in the Central Bank of the Republic of Kosovo activity. Our objective is to ensure that the approach to European standards translate into tangible benefits for citizens, businesses and the overall economy, Ismaili said.

He also praised the support of international institutions and central banks of partner countries through technical assistance and institutional capacity development, reaffirming the BEC’s commitment to advancing reforms and the integration of Kosovo into European financial architecture.