Annual Report 2010 03 August 2011 - Banka Qendrore e ...

Annual Report 2010
CBK
number of employees in the banking system marked an increase. In 2010, the banking
system had 3,768 employees (3,626 employees in 2009). A slower growth trend was
observed in terms of the number of ATMs and POSs installed by commercial banks (Table
3).
The number of current accounts in commercial banks recorded a slower growth during
2010, reaching 1.40 million in December 2010 compared to 1.36 million in December 2009.
While in 2009 the number of current accounts recorded an annual growth of 12.9 percent,
in December 2010, the increase of the number of current accounts slowed down to 2.5
percent. A rapid growth trend characterized the ‘e-banking’ accounts, which in 2010
reached 55,292 compared to 40,924 in 2009.
Table 3. Banking System Network
Description 2007 2008 2009 2010
The number of brunches and sub-brunch. 227 279 287 303
The number of employees 2,855 3,762 3,626 3,767
The number of ATMs 155 240 339 415
The number of POSs 0 3,426 5,251 6,194
The number of e-banking accounts 8,746 13,051 40,924 55,292
Source: CBK (2011)
As regards to the interbank payments system, the number and value of transactions
continued to increase, reflecting an increase of the economic activity as well as an increase
in the use of bank accounts by individuals and businesses, which, among others,
contributes positively to the reduction of the economic informality in the economy. The
number of total transactions reached at 3.9 million in 2010 (annual growth of 4.4 percent),
while a more significant growth was noticed in the value of transactions. Driven by the
government transactions, more specifically by the transfer of Post and Telecommunication
of Kosovo (PTK) dividend, the value of total interbank payment transactions reached euro
4.7 billion in 2010, an annual increase of 17.2 percent.
3.3.2.1 Banking sector balance sheet
i. Assets
In 2010, the value of total assets
managed by commercial banks in
Kosovo reached euro 2.5 billion,
which indicates an annual growth
of 11.4 percent (21.9 percent in
2009). While loans and
investments in securities continue
to be the key contributors to the
overall growth of banking system
assets, commercial banks’ balances
with the CBK had a negative
contribution to the growth of total
assets. Loans and investments in
Figure 8. Contribution to asset growth by categories,
in percentage
30%
20%
10%
0%
-10%
2007 2008 2009 2010
Other assets
Fixed assets
Loans and leasing
Balance with commercial banks
Annual growth of assets (right axis)
Source: CBK (2011)
Securities
Cash and balance with CBK
30%
25%
20%
15%
10%
5%
0%
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