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

CBK
Annual Report 2010
new component in securities enabled automation and standardization of securities
management purchased by CBK, whereas the new component on online banking achieved a
further advancement of services to the CBK clients. This project continued during the
second half of 2010, and the system became officially operational on 1 January 2011. It is
worth mentioning that this was the largest project ever implemented in CBK, and which
included, in addition to relevant finance directorate and information technology directorate,
the cash operation and payment directorate and asset management directorate as well.
The CBK finance management is done within the Financial Planning and Reporting
Directorate. This directorate is responsible for accountancy services, financial
administrative and supporting services, budgeting process, preparation of financial reports
and conduct of financial analyses. During 2010, the regular duties were successfully
performed and advancements in several aspects have been achieved. In addition to
engagement in advancing the CBK basic banking system, it is worth mentioning the
preparation of CBK Budgeting Policy and supplementation and update of several operation
instructions. With the IMF technical assistance, it was drafted the Accountancy Manual,
which will be adopted in 2011. Periodical financial reports and budget analysis have also
been increased and refined. In the course of CBK role as a fiscal agent, in 2010, it was
recorded an additional engagement in coordinating relations with IMF on behalf of the
State of Kosovo, as well as in managing the CBK special financial arrangements with
Treasury. The CBK information technology is managed through the relevant directorate.
The main duty of the Information Technology and Systems Directorate is to provide
efficient support-oriented services to users for different CBK function areas. This
directorate is responsible for administration and maintenance of all CBK information
systems. During 2010, some new developments have been recorded. Apart from the
advancement of the CBK basic banking system, a number of software and hardware
components of other information systems have been advanced, and several relevant
operation guidelines and instructions have been issued. It is worth mentioning that
introduction and use of optical fiber connections in external communications, led to the
increase of efficiency and security in this area. Also, activation of automation of reserve
arrangements outside CBK building for information systems represents another important
event in operation modernization.
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