financial stability report - Banka Qendrore e Republikës së Kosovës

Number 3
Financial Stability Report
shown in Figure 24, the share of
loans to enterprises in total loans
is continously declining. On the
other hand, the slower growth rate
of loans to enterprises contributed
to a higher share of loans to the
households that reached 30.7
percent of total loans.
The structure of loans by industry
was similar to the previous 0%
June 2009 June 2010 June 2011 June 2012
periods. The largest share of loans
Other services Trade Construction Manufacturing Mining Agriculture
to enterprises in the first half of
Source: CBK (2012)
2012 was absorbed by the services
sector, with a share of 71.6 percent. Within the services sector, the largest part of the loans
belongs to the trade sector, with a share of 51.3 percent of total loans to enterprises (Figure
25). A considerable share of loans to enterprises is issued to the industry sector (including
loans to mining, manufacturing, industry and construction), which represents 24.8 percent
of total loans to enterprises. Agriculture sector continues to have low access to the banking
loans, by receiving only 4 percent
of total loans to enterprises. This
indicates that the commercial
banks in Kosovo are constantly
applying a conservative approach
towards the agriculture sector,
which is also described by the
highest interest rates applied to
loans of this sector. The banking
system reluctance to credit the
agriculture sector is also noticed by
the fact that existing loans to the
agriculture sector are mainly
issued by a single bank. The
structure of loans by maturity
continues to be dominated by loans
with long-term maturity, which
further increased their share
during the reporting period (Figure
27). In June 2012, loans with
maturity over two years
represented 69.4 percent of total
loans (68.7 percent in June
2011).The largest part of these
loans consists of loans with
maturity from two up to five years,
(43.9 percent of total loans, 41.2
percent in June 2011), followed by
Figure 25. Structure of loans by economic activity, in
percent
100%
80%
60%
40%
20%
Figure 26. Growth trend of loans, by economic
sectors
40%
30%
20%
10%
0%
-10%
-20%
-30%
-40%
Qershor 2009 Qershor 2010 Qershor 2011 Qershor 2012
Agriculture
Trade
Source: CBK (2012)
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
67.2%
Industry, electricity, construction
Other services
Figure 27. Structure of loans by maturity, in percent
71.8% 68.7% 69.4%
12.1% 7.2%
7.9% 7.2%
20.7% 21.0% 23.4% 23.2%
June 2009 June 2010 June 2011 June 2012
Over 2 years Over 1 year up to two years Up to 1 year
Source: CBK (2012)
38 |