financial stability report - Banka Qendrore e Republikës së Kosovës

Number 3
Financial Stability Report
from other banks, which in the first half of 2012 had a lower volum compared to the same
period of last year. The subordinated debt recorded a decline of 7.5 percent (growth rate of
37.2 percent in June 2011) reaching at euro 31 million. A more significant decline was
recorded in the value of balances from commercial banks, wich fell from euro 86.6 million in
the first half of the last year, to euro 21.3 million in June 2012 (a decline of 75.4 percent).
6.2.4 Deposits
In June 2012, deposits in the
banking system of Kosovo reached
at euro 2.1 billion, recording an
Figure 29. Growth trend of deposits, in percent
2500
25.0%
annual growth rate of 7.7 percent.
19.7%
2000
Albeit positive, the growth trend of
15.8%
20.0%
total deposits is slowing down
(Figure 29). The slowdown in the
growth rate of total deposits during
1500
1000
11.8%
15.0%
10.0%
the recent years may be considered
as a natural consequence, given
500
7.7%
5.0%
0
0.0%
the fact that in the first years of
June 2009 June 2010 June 2011 June 2012
the banking system operation,
Depozitat
Annual growth (right axis)
banking system experienced larger
inflows of the deposits that were
Source: CBK (2012)
previously kept outside of the system and then gradualy were systemized into the banking
system. However, this slowdown was also driven by other factors such as the withdrawal of
Government deposits from commercial banks and developments related to the global crisis
that affected the slowdown of the overall economic activity.
In millions of euro
In the first half of 2012, the
slowdown in the growth rate of
deposits is mainly attributed to the
decline of the public corporations
deposits and to the slower growth
of the household deposits and
Figure 30. Structure of deposits by sectors, in percent
100%
90%
80%
70%
60%
50%
deposits of enterprises. The 40%
30%
household deposits growth trend
20%
slowed down to 15.5 percent 10%
0%
compared with the growth rate of
June 2009 June 2010 June 2011 June 2012
19 percent in June 2011. A similar
Other Government Private enterprises Public enterprises Households
trend was recorded in the deposits
of private enterprises, which in Source: CBK (2012)
June 2011 recorded an annual
growth of 15.5 percent, whereas in June 2012 the annual growth was 13.9 percent.
The household deposits continued to represent the main financing source of commercial
banks in the country. In the first half of 2012, household deposits reached the value of euro
1.5 billion and comprised 72.1 percent of total deposits (Figure 30). In June 2012, the
deposits of the private enterprises reached the value of euro 414.3 million, representing
19.6 percent of total deposits. On the other hand, public enterprises deposits almost
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