Interest Rate Report - Banka Qendrore e Republikës së Kosovës

B A N K A Q E N D R O R E E R E P U B L I K Ë S S Ë K O S O V Ë SC E N T R A L N A B A N K A R E P U B L I K E K O S O VAC E N T R A L B A N K O F T H E R E P U B L I C O F K O S O V OInterest RateReportReporting InstructionsV e r s i o n 2 . 0

Interest Rate ReportVersion 2.0BANKA QENDRORE E REPUBLIKËS SË KOSOVËSCENTRALNA BANKA REPUBLIKE KOSOVACENTRAL BANK OF THE REPUBLIC OF KOSOVOINTEREST RATE REPORTREPORTING INSTRUCTIONS(Version 2.0)| 1

Version 2.0Interest Rate ReportPUBLISHER© Central Bank of the Republic of Kosovo33 Garibaldi, Prishtina 10 000Tel: ++381 38 222 243Fax: ++381 38 243 763WEBSITEE-MAILwww.bqk-kos.orgstatistics@bqk-kos.org2 |

Interest Rate ReportVersion 2.0CONTENTS1. GENERAL INSTRUCTIONS ---------------------------------------------------------------------------------- 51.1. Introduction ---------------------------------------------------------------------------------------------- 51.2. Reporting Instructions -------------------------------------------------------------------------------- 51.3. Financial instruments --------------------------------------------------------------------------------- 51.4. Currency denomination and frequency ----------------------------------------------------------- 61.5. Counterparts -------------------------------------------------------------------------------------------- 61.6. Breakdown by instruments -------------------------------------------------------------------------- 71.6.1. Deposits ---------------------------------------------------------------------------------------------- 71.6.2. Loans -------------------------------------------------------------------------------------------------- 71.6.3. Debt securities -------------------------------------------------------------------------------------- 91.7. Reporting contracts: new contracts/activities --------------------------------------------------- 91.8. Type of interest rates ------------------------------------------------------------------------------- 111.9. Method of calculation ------------------------------------------------------------------------------- 121.10. Reported rate and volume ------------------------------------------------------------------------ 131.11. Technical instructions------------------------------------------------------------------------------ 131.12. Modes and deadlines ------------------------------------------------------------------------------ 142. VALIDATION RULES ----------------------------------------------------------------------------------------- 153. REPORTING FORMS ----------------------------------------------------------------------------------------- 154. APPENDICES --------------------------------------------------------------------------------------------------- 21| 3

Version 2.0Interest Rate Report4 |

Interest Rate ReportVersion 2.01. GENERAL INSTRUCTIONS1.1. IntroductionThe principal objectives of CBK are to foster the soundness, solvency, and efficientfunctioning of the financial system as well as to support the general economic policies witha view to contributing to an efficient allocation of resources. In line with the principalobjectives, specific powers and relevant articles of the Law No. 03/L-074 „On the CentralBank of the Republic of Kosovo‟, CBK compiles monetary and financial statistics, andexternal sector statistics. For that purpose it uses, among others, information collected fromthe commercial banks on their interest rates (through the Interest Rates Report: IRR).To enlarge the scope of the data, CBK has put in place the IRR for banks to obtaininformation on the underlying price setting. Compilation of IRR is based on theinternational standards, such as Manual on MFI Interest Rate Statistics (ECB RegulationECB/2001/18), European System of National and Regional Accounts (ESA 95), System ofNational Accounts (SNA 93), Monetary and Financial Statistics Manual (MFSM 2000),Monetary and Financial Statistics Compilation Guide (MFSG 2008), and other countrypractices.1.2. Reporting institutionsThe IRR will contain solely the interest rates applied, and must be communicated,by commercial banks operating in Kosovo. Collection of the IRR statistics is based on thecensus approach.1.3. Financial instrumentsData on interest rates refer to the interest rates applied by the banks in theirlending and deposit business and debt securities. The selected financial instruments arepresented below:| 5

Version 2.0Interest Rate ReportLoansInvestmentAgricultureIndustryServicesOther sectorsOther (non-investment)AgricultureIndustryServicesOther sectorsOverdraftsCredit linesLoans with favorable conditionsCash cover loansOther loansConsumer loansMortgage loansDepositsCurrent accountTime depositsSaving depositsDebt SecuritiesNegotiable certificates of depositNotesBonds1.4. Currency denomination and frequencyThe IRR covers euro denominated financial instruments reported from banks andmust be sent to the CBK on a monthly frequency, describing the interest rates appliedduring the reference month.. All loans are extended in euro currency and as well asmajority of deposits are in euro.There are no cases of dual currency loans.1.5. CounterpartsReporting requirements are limited to the business with resident nonfinancialcorporations and households. The determination if the contract is made with a resident ornon-resident counterpart (in this last case no reporting is made in IRR) is based on themain residence of the debtor (borrower). In case of corporations, this means the registeredoffice. The breakdown of institutional sector is presented in the Appendices.IRR report includes two institutional sectors:a) Nonfinancial corporations are corporations whose principal activity is theproduction of market goods or nonfinancial services. Nonfinancial corporations6 |

Interest Rate ReportVersion 2.0sector is composed of resident public nonfinancial corporations and other (private)nonfinancial corporations.b) Households are defined as group of persons who share the same livingaccommodation, who pool some, or all, of their income and wealth and who consumecertain types of goods and services collectively, mainly housing and food. In general,each member of a household should have some claim upon the collective resourcesof the household. At least some decisions affecting consumption or other economicactivities must be taken for the household as a whole.1.6. Breakdown by type of instrument1.6.1. DepositsA deposit represents claim on banks that can be divided into current account, timedeposit and saving deposit.Current accounts are transferable deposits convertible into currency and/or which aretransferable on demand by cheque, banker‟s order, debit entry or similar means, withoutsignificant delay, restriction or penalty.Time deposits are deposits with agreed fixed term maturity exceeding one working day,which cannot be converted into currency before an agreed fixed term, or that can only beconverted into currency before that agreed term provided the holder is charged some kindof penalty.Saving deposits are same defined as time deposit but maturity related criterion is notrelevant.1.6.2. LoansLoans are financial assets that (1) are created when a creditor lends funds directlyto a debtor, and (2) are evidenced by non-negotiable documents, except accountsreceivable/payable, which are treated as a separate category of financial assets. Loans arefunds lent by banks to nonfinancial corporations and households which are categorizedbased on their purpose separated into the investment and other (non- investment) loans.Investment loans are those loans used for investments purposes that can be dividedinto sectors such as agriculture, industry, services and other sectors based on the NACEclassification (see Appendix 2: NACE Codes). Typical examples of investment loans areloans for start-up capital, buying of fixed assets, expand the business activity, etc.Other (non-investment) loans are loans that are shorter in maturity and smaller invalue compared with the investment loans and can be divided into sector same asinvestment loans. Typical examples of non-investment loans are loans for working capital,repairs, etc.below:The breakdown of loans (investment and non-investment loans) in IRR is shown| 7

Version 2.0Interest Rate ReportAgricultureo Agriculture, forestry and fishing;Industryo Manufacturing;o Electricity, gas, steam and air conditioning;o Water supply, sewerage, waste management and remediation activities;o Construction;Serviceso Wholesale and retail trade, repair of motor vehicles and motorcycles;o Transporting and storage;o Accommodation and food service activities;o Information and communication;o Financial and insurance activities;o Real estate activities;o Professional, scientific and technical activities;o Administrative and support service activities;Othero Public administration and defense;o Education;o Human health and social work activities;o Arts, entertainment and recreation;o Other services activities;Consistent with the definitions stated above, loans for buying a tractor (agriculture)should be treated as investment loans, while loans for buying seeds and related should betreated non-investment loans. Analogically, in industry, loans for buying machinery forproduction of a particular product should be treated as investment loans, while loansextended for buying raw material that serves as input for particular production processshould be treated as non-investment loans.Overdrafts are defined as debit balances on current accounts. The interest rate onbank overdrafts is charged when current account „becomes negative.‟ Overdrafts areimplied for nonfinancial corporations and households. In this category there are includedall types of credit and debit cards regardless if they are linked or not with current account,deposit account or loan account.Credit lines are defined as pre-established amount of credit which borrower canobtain from lender by specifying the amount and period. This line is allowed to be drawnfrom borrower whenever is needed and it is determined by certain agreed conditions and ismore flexible in repayment of debt and installments.Loans with favorable conditions include special condition loans which differfrom the regular loans in terms of interest rates applied. This category includes:- Cash cover loans includes loans backed with deposits. Cash cover loans aretaken on the basis of borrower‟s deposits ‟blocked‟ at a bank.- Other loans include other than cash cover loans such as loans extended to thebank staff, etc).8 |

Interest Rate ReportVersion 2.0Consumer loans are loans granted to households for the purpose of personal usein consumption of goods and services. Destination of these loans is purchase of durable andconsumer goods.Mortgage loans are loans which for collateral have a mortgage and serves forbuying mortgage. This category can be applied only to households.1.6.3. Debt securitiesDebt securities are composed from certificate of deposits, notes, and bonds.Certificate of deposit are securities issued by a bank and which in contrast to a timedeposit, are negotiable during the lifetime of certificate. Notes are a type of financialinstrument very similar to certificate of deposit but are in principle not negotiable. Thistype of instrument will become less and less popular given the CD and the difference withnon-negotiable CD is not existent. Bonds are long-term financial instruments issued by thebank. They are in principle negotiable. They are comparable to the negotiable CDs exceptfor their initial maturity. They bear a fixed or variable interest rate and can besubordinated (in which case they will bear an interest rate higher than the one on nonsubordinatedbonds, because of the higher risk).1.7. Reported contracts: new contracts/activitiesFor all financial instruments the principle of new business is used in the IRR,except for the current accounts, savings accounts, and overdrafts, which follow theoutstanding amount approach. New business is defined as any new agreement between thehousehold/nonfinancial corporations and the reporting bank concluded during the referencemonth.New agreements are:All financial contracts, terms and conditions that specify for the first time theinterest rate of deposit or loan; andAll new negotiations of existing deposit and loans.The main cases that should not be considered as new business are:All prolongations of existing deposit and loan contracts that are carried outautomatically, i.e. without any active involvement of the household or nonfinancialcorporations and do not involve any renegotiation of the terms and conditions of thecontract, including interest rate.Changes in floating interest rate in the sense of automatic adjustment of interestrate performed by bank are not new agreement as these are laid down from outsetin the contract.A change from fixed to floating interest rates or vice versa (at time t1) during thecourse of the contract, which has been agreed at the start of the contract (time t0), isnot a new agreement but part of the terms and conditions of the loan laid down (attime t0). For example, during reference month there is a contract on a loan betweenbank and costumer with fixed interest at 8% p.a. for first 12 months and that afterthis initial period of fixation the interest rate automatically adjusts to EURIBORplus x basis points. Only the interest rate of 8% for the first year is considered as| 9

Version 2.0Interest Rate Reportnew business at that month. Neither the switch to variable rates nor the associatedautomatic adjustments are reflected in the statistics on new business, as they arenot new agreements but part of the terms and conditions of the loan laid down atthe beginning of contract.New contracts should be seen as the 'production' by the bank. This means that for areference month the new business includes financial contracts which may not any longerexist at the end of the month (for example, a two-week deposit originated on the 10 th of themonth must be counted as new business, even if it is no longer on the balance sheet of thebank at the end of the month). On the other hand, a short-term contract can be countedmore than once a month (for example, a deposit at one-week maturity originated at 1 st ofthe month and which is renegotiated and reinvested at 10 th and 20 th of the particularmonth, will be counted 3 times).Figure 1.Illustrative example of new business definitionAs already stated, three exceptions apply to the general rule on new business andthis for practical reasons. The exception holds for current accounts, saving accounts andoverdrafts. Instead, the 'outstanding amount approach' must be used for these financialinstruments. Two methods are presented: the snapshot approach and the quotientapproach. The snapshot at the end of the month: the outstanding contracts will beinventoried and the interest rate applicable on each contract will be weighted with theoutstanding amount of the contract. The quotient approach must be used for savingaccounts and overdrafts, while for the current accounts each bank can freely choosebetween the snapshot- and the quotient-approach. The quotient approach (or implicitapproach) over the month: the cumulative interest flows (accrued interest) over the monthare divided by the average of the daily outstanding amounts.10 |

Interest Rate ReportVersion 2.0Figure 2. Illustrative example of outstanding amounts definition (quotientapproach)T 1 Reference Period T 2tContracts and parts of contracts valid for outsatanding amounts1.8. Type of interest ratesThe interest rate reporting to CBK will not include any fee, tax nor any other costrelated to the third parties, like taxes to state, which bank pays for the client. However,costs manifested as a disagio in case of a loan must be considered as an interest payment.Disagio, defined as the difference between the nominal amount of the loan and the amountreceived by customer, shall be considered as an interest payment at the start of the contract(time t0) and shall be reflected in the annualized agreed rate. The disagio is related directlywith the loan processing and it is an interest cost for specific loan agreement or newcontract. The rates reported must be those which are effectively applied in eachcommercial transaction.The interest rate reported should reflect what bank pays on deposits and receivesfrom loans. Therefore, in cases where banks receive subsidies from a third party (forexample, international donor) on loans granted, these subsidies should be considered aspart of interest rates reported to CBK. For example if client pays 6% p.a. for a loan where10% is actually charged by the bank but a third party pays a 4% from this interest rate, the10% should be reported in IRR. On other hand, in case of deposit IRR captures what thebank pays but not what the household on nonfinancial corporations receives in terms ofinterest payments. For example, if customer receives 5% p.a. on deposit where 3% is paidby bank and other 2% is subsidy by third party, which is transferred to client through thebank then the 3% p.a. should be reported by bank in IRR.Figure 3. Illustrative example of loan/deposit subsidy approachInstrumentAgreed InterestIRR to be Receiver ofBank SubsidyRateraported at CBK loan / depositLoan 10% 6% 4% 10% ClientDeposit 5% 3% 2% 3% Bank| 11

Version 2.0Interest Rate ReportAs can be seen in the illustrative example (Figure 3), for IRR reporting issue to CBK isrelevant what the bank charges/pays for loan/deposit.1.9. Method of calculationThe rate used is the agreed annual interest rate (AAR) and is to be applied in allcases where there is no capitalization, where the capitalization follows a regular patternwhether interest payments occur more frequently than or equally frequently to capitalredemption, where interest is calculated on the remaining outstanding capital, (includingall cases where the capital is paid at the end of contract) and no grace periods for interestpayments or capital redemption are present.Equation (1) below provides the formula for annualizing the agreed interest rate: AG 1 1 n nAAR(1)Where AAR is annualized agreed rate, AG is the nominal rate, on annual basis, agreedamong the parties, and n is the number of capitalization periods for the deposit and theloan per year. This n = 1 for yearly interest payments, n = 2 for semi-annual interestpayments, n = 4 for quarterly interest payments and n = 12 for monthly interest payments.For example, a customer and bank agree on a two–year loan at 10% per annum (p.a.) forentire maturity, where interest and principal is repaid at the end of each month. Theannualized agreed rate for this loan is then 10.47% and calculated as follows: AAR 1 AGnn 0.101 100 1 12 12110010.47In case of deposit with an agreed maturity of six months where interest is 3% perannum paid at the end of maturity then the annualized agreed rate is 3.02% AAR 1 AGnn 0.031 100 1 2 21100 3.02In all other cases the actuarial annual interest rate (AcAR) should be used to fostercomparability among the data reported by the banks. Actuarial or effective interest ratewhich is the interest rate equaling the discounted (actualized) future cash inflows to the12 |

Interest Rate ReportVersion 2.0nominal amount of the loan or deposit and can be calculated by applying followingequation:A TMm1 1CF imm(2)i - effective interest rateCFm - cash flow at point in time m , from the perspective of investor in the case of depositsand from the point of view of the bank in case of loans (containing capital redemption andinterest payments)M - number of cash flows associated with financial instrumentA - nominal amount of the deposit (loan) initially placed (granted)T - administrative cost (if there is amount) to be paid at the start of the loan.Finding i from equation (2) may also be calculated directly using functions within aspreadsheet or financial calculator. For instance, Microsoft Excel has an IRR function thatrequires the cash flows to be listed in an array of cells within the spreadsheet. However,effective interest rate than must be annualized by equation (1). In Appendix 3 someexamples for deposit and loans are presented for the use of equation (1) - AAR and last twoones where must be used equation (2) - AcAR. The number of days per year is fixed at 360.1.10. Reported rate and volumeThe commercial banks report the interest rates by category in full conformity withthe calculation instructions explained in the section 1.9 (Method of calculation). As the CBKshould be able to calculate data for all commercial banks in Kosovo in conformity with thecalculations carried out by the commercial banks at individual basis, the banks must alsocommunicate the new business (new contracts) or, depending on the type of financialinstrument, the outstanding amounts related to the reference month. Appendix 3 containsthe detailed process of calculation in a schematic way for interest rates and newbusiness/outstanding amounts.1.11. Technical instructionsAll percentages shall be expressed with 2 decimals (format NN,NN) and amountsfor new business or outstanding must be reported in unity of euro, with figures rounded tothe nearest euro. No item in the IRR may be left blank. An entry must be made for eachitem, i.e. a percentage, an amount, a zero or “N/A (”not available”). No negative entries mayappear in the amounts, as only new business is recorded or outstanding amounts.| 13

Version 2.0Interest Rate Report1.12. Modes and deadlinesIRR shall be submitted in paper form and simultaneously on electronic copy,according to the formats delivered by CBK. The submission must contain all schedulesrequired for a particular reporting period and be fully consistent with the instructionsprovided in this document 'Reporting Instructions.' The delivery must contain the coverpage of IRR signed by authorized persons of the reporting bank. IRR must be deliveredlatest by the 15 th after the reference month to:Statistics DirectorateCentral Bank of the Republic of Kosovo33 Garibaldi10000 PrishtinaRepublic of KosovoIn case of any discrepancy or change in relation to a previous report, a briefexplanation must be attached to the submitted IRR. Banks shall retain track of datareported in the IRR. Should the CBK detect errors in the IRR, it may require necessarycorrection or justification of the data.Questions concerning instructions and interpretations of any part of theseReporting Instructions shall be addressed to the CBK.14 |

Interest Rate ReportVersion 2.02. VALIDATION RULESThe IRR contains a few validation rules:Where “A” stands for the part of the schedule on amounts and “P” for the part of the scheduleon percentages.001) IR/DIR//A//500 = BS/DBM// Currency code 1// 1001+1101+1201002) IR/DIR//A//513 = BS/DBM// Currency code 1// 1002+1102+1202003) IR/DIR//A//600 = BS/DBM// Currency code 1// 1301004) IR/DIR//A//608 = BS/DBM// Currency code 1// 1302005) IR/DIR//A//502 => 250000 euro006) IR/DIR//A//504 => 250000 euro007) IR/DIR//A//506 => 250000 euro008) IR/DIR//A//508 => 250000 euro009) IR/DIR//A//510 => 250000 euro010) IR/DIR//A//512 => 250000 euroExcept for current accounts:011) IF IR/DIR//A//nnn> 0 Then IR/DIR//P//nnn > 0 where nnn stands for allcodes of IR/LIR and IR/DIR different from „500‟IF IR/DIR//A//nnn > 0Then IR/DIR//P//nnn NA3. REPORTING FORMSThe Interest Rate Report consists of a cover page and three master schedules:- Cover page- Deposit Interest Rates, in percentage and amounts;- Lending Interest Rates, in percentage and amounts;o Calculation methodology;- Debt Securities Interest Rate, in percentage and amounts.The cover page must be filled out completely and signed by authorized persons eachtime data are exchanged with the CBK. The first submission for a given reference monthmust contain all four schedules. Each of the schedules in IRR is identified by a set ofinformation. These are:- The name of the reporting bank („Bank Name‟)- The currency code which is in all cases the code "1" (only euro);- The code of the „Reference month‟ of the data in the report (YY/MM);- The date of report mentions the date the report has been established(YY/MM/DD).| 15

Version 2.0Interest Rate ReportINTEREST RATE REPORT(Version 2.0)Bank nameThe last day of the reporting period and the Report numberNote: The Interest Rate Report must be signed by the officer of the bank responsible for preparing it and at least onemember of the management board.To be fulfilled by commercial bank:As an authorized officer or management board member of the bank, I hereby declare that this Interest Rate Report has beenprepared in accordance with the Reporting Instructions issued by the Central Bank of the Republic of Kosovo and is completeand true to the best of my knowledge and belief.Signature of responsible officerSignature of Management Board MemberDateDateTo be fulfilled from CBK:Signature from StatisticianSignature of the Director of StatisticsDateDate16 |

Interest Rate ReportVersion 2.0Central Bank of the Republic of KosovoTable: Deposit interest rates, in percentage and amountBank name:Currency code: 1Reference period:Reporting date:Nonfinancial corporationsDOMESTIC SECTORHouseholdscode % amount Code % amountCurrent account (outstanding amounts) 500 600Time deposits ( new contrats )Up to 1 month (≤ 1 month) 601Up to 250.000 euro (≤ 250.000) 501Over 250.000 euro (> 250.000) 502Over 1 month and up to 3 months (> 1 month ≤ 3 months) 603Up to 250.000 euro (≤ 250.000) 503Over 250.000 euro (> 250.000) 504Over 3 months and up to 6 months (> 3 months ≤ 6 months) 604Up to 250.000 euro (≤ 250.000) 505Over 250.000 euro (> 250.000) 506Over 6 months and up to 1 year (> 6 months ≤ 1 year) 605Up to 250.000 euro (≤ 250.000) 507Over 250.000 euro (> 250.000) 508Over 1 year and up to 2 years (> 1 year ≤ 2 years) 606Up to 250.000 euro (≤ 250.000) 509Over 250.000 euro (> 250.000) 510Over 2 years (> 2 years) 607Up to 250.000 euro (≤ 250.000) 511Over 250.000 euro (> 250.000) 512Saving deposits (outstanding amounts) 513 608| 17

Version 2.0Interest Rate ReportCentral Bank of the Republic of KosovoTable: Loans interest rates, in percentage and amountBank name:Currency code: 1Reference period:Reporting date:D OM EST IC SEC T ORN o nfinancial co rpo ratio nsH o useho ldsInvestmentA gricultureIndustryServicesOtherC o de % amo unt C o de % amo untUp to 1 year (≤ 1 year) 100 300Over 1 year and up to 2 years (> 1 year ≤ 2 years) 101 301Over 2 years and up to 5 years (> 2 years ≤ 5 years) 102 302Over 5 years and up to 10 years (> 5 years ≤ 10 years) 103 303Over 10 years (> 10 years) 104 304Up to 1 year (≤ 1 year) 105 305Over 1 year and up to 2 years (> 1 year ≤ 2 years) 106 306Over 2 years and up to 5 years (> 2 years ≤ 5 years) 107 307Over 5 years and up to 10 years (> 5 years ≤ 10 years) 108 308Over 10 years (> 10 years) 109 309Up to 1 year (≤ 1 year) 110 310Over 1 year and up to 2 years (> 1 year ≤ 2 years) 111 311Over 2 years and up to 5 years (> 2 years ≤ 5 years) 112 312Over 5 years and up to 10 years (> 5 years ≤ 10 years) 113 313Over 10 years (> 10 years) 114 314Up to 1 year (≤ 1 year) 115 315Over 1 year and up to 2 years (> 1 year ≤ 2 years) 116 316Over 2 years and up to 5 years (> 2 years ≤ 5 years) 117 317Over 5 years and up to 10 years (> 5 years ≤ 10 years) 118 318Over 10 years (> 10 years) 119 319Other (no n-investment)A gricultureIndustryServicesOtherUp to 1 year (≤ 1 year) 200 400Over 1 year and up to 2 years (> 1 year ≤ 2 years) 201 401Over 2 years and up to 5 years (> 2 years ≤ 5 years) 202 402Over 5 years and up to 10 years (> 5 years ≤ 10 years) 203 403Over 10 years (> 10 years) 204 404Up to 1 year (≤ 1 year) 205 405Over 1 year and up to 2 years (> 1 year ≤ 2 years) 206 406Over 2 years and up to 5 years (> 2 years ≤ 5 years) 207 407Over 5 years and up to 10 years (> 5 years ≤ 10 years) 208 408Over 10 years (> 10 years) 209 409Up to 1 year (≤ 1 year) 210 410Over 1 year and up to 2 years (> 1 year ≤ 2 years) 211 411Over 2 years and up to 5 years (> 2 years ≤ 5 years) 212 412Over 5 years and up to 10 years (> 5 years ≤ 10 years) 213 413Over 10 years (> 10 years) 214 414Up to 1 year (≤ 1 year) 215 415Over 1 year and up to 2 years (> 1 year ≤ 2 years) 216 416Over 2 years and up to 5 years (> 2 years ≤ 5 years) 217 417Over 5 years and up to 10 years (> 5 years ≤ 10 years) 218 418Over 10 years (> 10 years) 219 419Overdrafts 220 420C redit lines 230Lo ans with favo urable co nditio nsCash covered loans240 440Other loans 241 441C o nsumer lo ans 442M o rtgage lo ansUp to 1 year (≤ 1 year) 443Over 1 year and up to 2 years (> 1 year ≤ 2 years) 444Over 2 years and up to 5 years (> 2 years ≤ 5 years) 445Over 5 years and up to 10 years (> 5 years ≤ 10 years) 446Over 10 years (> 10 years) 44718 |

Interest Rate ReportVersion 2.0Central Bank of the Republic of KosovoTable: Lending interest rates, in percentage and amountBank name:Currency code: 1Reference period:Reporting date:Nonfinancial corporationsDOMESTIC SECTORHouseholdscode % amount Code % amountCertificate of depositUp to 1 year (≤ 1 year) 100 200Over 1 year and up to 2 years (> 1 year ≤ 2 years) 101 201Over 2 year and up to 5 years (> 2 years ≤ 5 years) 102 202Over 5 year and up to 10 years (> 5 years ≤ 10 years) 103 203Over 10 years (> 10 years) 104 204NotesUp to 1 year (≤ 1 year) 105 205Over 1 year and up to 2 years (> 1 year ≤ 2 years) 106 206Over 2 year and up to 5 years (> 2 years ≤ 5 years) 107 207Over 5 year and up to 10 years (> 5 years ≤ 10 years) 108 208Over 10 years (> 10 years) 109 209BondsUp to 1 year (≤ 1 year) 110 210Over 1 year and up to 2 years (> 1 year ≤ 2 years) 111 211Over 2 year and up to 5 years (> 2 years ≤ 5 years) 112 212Over 5 year and up to 10 years (> 5 years ≤ 10 years) 113 213Over 10 years (> 10 years) 114 214| 19

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Interest Rate ReportVersion 2.0Appendix 1: Interest rates calculation examplesDepositsamount10000 Euronannual agreed rate(AAR) AG 3,5% 0 .035 Interest is paid at the end of the maturityCase 1Case 2AARAARSolution 1 n AG 1 n4 1 100 1 1 100 3 .55 14 2n 0 .035 1 1001 1 100 1 2maturity 2 yearsmaturity 3 month3 .44Case 1The annualized agreed rate for this case is calculated as follows:Agreed annual rate of interest3,55% to be reported in IRRCase 2The annualized agreed rate for this case is calculated as follows:Agreed annual rate of interest3,44% to be reported in IRRAAR 1 AGnn 1 100 1 10.12 1 1100 12 .00 AAR 1 AGnn 1 100 1 40.12 4 1100 12 .55| 21 nAG 0.12 12

Version 2.0Interest Rate ReportLoan Aamount10000 Euroredemption at maturitymaturity2 yearsannual agreed rate(AAR) 12%Interest paymentCase 1Case 2Case 3every end of the yearevery end of the quarterevery end of the monthSolutionCase 1The annualized agreed rate for this case is calculated as follows: AAR 1 Agreed annual rate of interestAGnn 1 100 1 10.12 1 1100 12 .0012,00 % to be reported in IRRCase 2The annualized agreed rate for this case is calculated as follows: AAR 1 Agreed annual rate of interestAGnn 1 100 1 40.12 4 1100 12 .5512,55 % to be reported in IRRCase 3The annualized agreed rate for this case is calculated as follows:Agreed annual rate of interestAAR 1 AGnn 1100 1 0.121 1100 12.6812,68 % to be reported in IRR1222 |

Interest Rate ReportVersion 2.0Loan Camount2000 Euroredemptionequal monthly instalments of capital and interestmaturity12 monthsmonthly rate 0,9 %Solution2000Monthlyins tallemnts 17. 58 Euro 121 (1 0.009 )0.009The loan repayment schedule becomes:month: interest capital total1 18.00 158.58 176.582 16.57 160.01 176.583 15.13 161.45 176.584 13.68 162.90 176.585 12.21 164.37 176.586 10.73 165.85 176.587 9.24 167.34 176.588 7.74 168.84 176.589 6.22 170.36 176.5810 4.68 171.90 176.5811 3.14 173.44 176.5812 1.58 175.00 176.58The annualized agreed rate for this case is calculated as follows:n AG AAR 1 n 110012 10.009 1100 11. 35Actuarial or effective annual rate of interest13,35 % to be reported in IRR AAR 1 AGnn 1 100 1 40.12 4 1100 12 .55| 23

Version 2.0Interest Rate ReportLoan Camount2000 Euroredemptionequal monthly instalments of capital and interestmaturity12 monthsmonthly rate 0,9 %Solution2000Monthlyins tallemnts 17. 58 Euro 121 (1 0.009 )0.009The loan repayment schedule becomes:month: interest capital total1 18.00 158.58 176.582 16.57 160.01 176.583 15.13 161.45 176.584 13.68 162.90 176.585 12.21 164.37 176.586 10.73 165.85 176.587 9.24 167.34 176.588 7.74 168.84 176.589 6.22 170.36 176.5810 4.68 171.90 176.5811 3.14 173.44 176.5812 1.58 175.00 176.58The annualized agreed rate for this case is calculated as follows:n AG AAR 1 n 110012 10.009 1100 11. 35Actuarial or effective annual rate of interest13,35 % to be reported in IRR24 | AAR 1 AGnn 1 100 1 40.12 4 1100 12 .55

Interest Rate ReportVersion 2.0Loan Damountredemptionmaturitymonthly rate each month 0,8 %applied on initial capitalSolutionMonthly capital redemptionMonthly interest paymenttotal payment each month10000 Euroequal pat capital every monthly2 years416,67 Eurnamely 10000 Eur /24 month80,00 Eurnamely 10000 Eur *0,8 % month496,67 Eurnamely 416,67+80The annualized agreed rate for this case is calculated as follows:This creates an annuity ( in fact a fixed monthly payment)Actuarial monthly rate calculated by equation (2), here cash flowes CFm =496,67,m=1,2,3,,,,24 AAR 1 AGnn 1 100 1 40.12 4 1100 12 .5510000 24m1496.671im11i 496.67 i24From where soulution for monthly rate 1,45558 %, than this must be annualizedby equation (1)n AGAAR 1 n 110012 10.01455581100 18. 93Actuarial or effective annual rate of interest18,93 % to be reported in IRR| 25

Version 2.0Interest Rate ReportExamples of quotient and snapshot approaches for IRR CalculationIlustration of calculation for IRRSavings accounts: QUOTIENT - APPROACHOutstandingamountClient A Client B Client C Client D Client EAnnualInterestrateOutstandingamountAnnualInterestrateOutstandingamountAnnualInterestrateOutstandingamountAnnualInterestrateOutstandingamountAnnualInterestrateClient ADaily earnedinterestClient BDaily earnedinterestClient CDaily earnedinterestClient DDaily earnedinterestClient EDaily earnedinterestMonth t1 2500 1.5% 1500 1.5% 800 1.5% 1600 1.5% 950 1.5%2 2500 1.5% 1500 1.5% 800 1.5% 1600 1.5% 950 1.5%3 2500 1.5% 1500 1.5% 800 1.5% 1600 1.5% 950 1.5%4 2500 1.5% 1500 1.5% 800 1.5% 1600 1.5% 950 1.5%5 2500 1.5% 1500 1.5% 800 1.5% 1600 1.5% 950 1.5%6 2500 1.5% 1500 1.5% 800 1.5% 1600 1.5% 950 1.5%7 2500 1.5% 1500 1.5% 800 1.5% 1600 1.5% 950 1.5%8 2500 1.5% 1500 1.5% 800 1.5% 2100 1.5% 1250 1.5%9 2500 1.5% 1500 1.5% 800 1.5% 2100 1.5% 1250 1.5%10 2500 1.5% 1500 1.5% 800 1.5% 2100 1.5% 1250 1.5%11 2500 1.5% 1500 1.5% 800 1.5% 1600 1.5% 1250 1.5%12 2500 1.5% 1500 1.5% 800 1.5% 1600 1.5% 1250 1.5%13 2500 1.5% 1500 1.5% 800 1.5% 1600 1.5% 1250 1.5%14 2500 1.5% 1500 1.5% 500 1.5% 1600 1.5% 1250 1.5%15 2500 2.5% 1500 2.5% 500 2.5% 1600 2.5% 1500 2.5%16 2500 2.5% 1500 2.5% 500 2.5% 1600 2.5% 1500 2.5%17 2500 2.5% 1500 2.5% 500 2.5% 2100 2.5% 1500 2.5%18 2500 2.5% 1500 2.5% 500 2.5% 2100 2.5% 1500 2.5%19 2500 2.5% 1500 2.5% 500 2.5% 2100 2.5% 1500 2.5%20 2500 2.5% 1500 2.5% 500 2.5% 2100 2.5% 1500 2.5%21 2500 2.5% 1800 2.5% 500 2.5% 1600 2.5% 1500 2.5%22 2500 2.5% 1800 2.5% 500 2.5% 1600 2.5% 1900 2.5%23 2500 2.5% 1800 2.5% 500 2.5% 1600 2.5% 1900 2.5%24 2500 2.5% 1800 2.5% 500 2.5% 1600 2.5% 1900 2.5%25 2500 2.5% 1800 2.5% 500 2.5% 2100 2.5% 1900 2.5%26 2500 2.5% 1800 2.5% 500 2.5% 2100 2.5% 1900 2.5%27 2500 2.5% 1800 2.5% 500 2.5% 2100 2.5% 1900 2.5%28 2500 2.5% 1800 2.5% 500 2.5% 1600 2.5% 1900 2.5%29 2500 2.5% 1800 2.5% 500 2.5% 1600 2.5% 1900 2.5%30 2500 2.5% 1800 2.5% 500 2.5% 1600 2.5% 1900 2.5%Month t+10.10 0.06 0.03 0.07 0.040.10 0.06 0.03 0.070.040.10 0.06 0.03 0.07 0.040.10 0.06 0.03 0.070.040.10 0.06 0.03 0.07 0.040.10 0.06 0.03 0.070.040.10 0.06 0.03 0.07 0.040.10 0.06 0.03 0.090.050.10 0.06 0.03 0.09 0.050.10 0.06 0.03 0.090.050.10 0.06 0.03 0.07 0.050.10 0.06 0.03 0.070.050.10 0.06 0.03 0.07 0.050.10 0.06 0.02 0.070.050.17 0.10 0.03 0.11 0.100.17 0.10 0.03 0.110.100.17 0.10 0.03 0.15 0.100.17 0.10 0.03 0.150.100.17 0.10 0.03 0.15 0.100.17 0.10 0.03 0.150.100.17 0.13 0.03 0.11 0.100.17 0.13 0.03 0.110.130.17 0.13 0.03 0.11 0.130.17 0.13 0.03 0.110.130.17 0.13 0.03 0.15 0.130.17 0.13 0.03 0.150.130.17 0.13 0.03 0.15 0.130.17 0.13 0.03 0.110.130.17 0.13 0.03 0.11 0.130.17 0.13 0.03 0.110.13S 75000 48000 18900 53000 43000 S4.2361 2.7500 1.0097 3.0167 2.5583M =237900 13.5708= FFFF i[FFFF i / M ] =0.000057In case when earned interest is add to the capital every month, than must be reported as follows:In case when earned interest is add to the capital once a year, than must be reported as follows:Report in IRR for month t: Report in IRR for month t:Average of month outstanding amounts7930 Average of month outstanding amounts7930Annual Interest Rate ((1+0.000057*30)^12-1)*100) = 2.07 Annual Interest Rate (0.000057*360*100) = 2.0526 |

. . .Interest Rate ReportVersion 2.0Month t-1OutstandingamountInterestrateCurrent accounts : SNAPSHOT - APPROACHClient A Client B Client C Client D Client EOutstandingamountInterestrateOutstandingamountInterestrateOutstandingamountInterestrateOutstandingamountInterestrateOutstanding amountend ofmonth(figure ofthebalancesheet)Month t1 0 0.0004167 1300 0.004 520 0.004 1500 0.006 420 0.0042 0 0.0004167 1200 0.004 602 0.004 1600 0.006 450 0.0043 0 0.0004167 1150 0.004 580 0.004 526 0.006 485 0.0044 0 0.0004167 1350 0.004 480 0.004 852 0.006 785 0.0045 0 0.0004167 1400 0.004 592 0.004 923 0.006 698 0.0046 0 0.0004167 1500 0.004 482 0.004 485 0.006 569 0.0047 0 0.0004167 1600 0.004 450 0.004 902 0.006 859 0.0048 0 0.0004167 1450 0.004 450 0.004 2510 0.006 236 0.0049 0 0.0004167 1320 0.004 450 0.004 2600 0.006 458 0.00410 0 0.0004167 1425 0.004 450 0.004 2780 0.006 784 0.00411 0 0.0004167 1258 0.004 450 0.004 2600 0.006 956 0.00412 0 0.0004167 2568 0.006 450 0.004 2600 0.006 563 0.00413 0 0.0004167 3250 0.006 450 0.004 3200 0.006 524 0.00414 0 0.0004167 2100 0.006 520 0.004 890 0.006 653 0.00415 0 0.0004167 800 0.006 520 0.004 978 0.006 986 0.00416 0 0.0004167 1520 0.006 520 0.004 2500 0.006 485 0.00417 0 0.0004167 900 0.006 520 0.004 2600 0.006 125 0.00418 0 0.0004167 1500 0.006 600 0.004 2700 0.006 123 0.00419 0 0.0004167 4005 0.006 600 0.004 2800 0.006 526 0.00420 100 0.0004167 3500 0.006 450 0.004 2926 0.006 949 0.00421 100 0.0004167 2400 0.006 300 0.004 3500 0.006 593 0.00422 0 0.0004167 1480 0.006 600 0.004 3600 0.006 250 0.00423 0 0.0004167 2680 0.006 620 0.004 3750 0.006 761 0.00424 0 0.0004167 2700 0.006 620 0.004 4000 0.006 749 0.00425 0 0.0004167 2700 0.006 620 0.004 2526 0.006 726 0.00426 0 0.0004167 2700 0.006 980 0.004 2400 0.006 365 0.00427 0 0.0004167 2600 0.006 1200 0.004 2400 0.006 258 0.00428 0 0.0004167 2600 0.006 1320 0.004 2350 0.006 741 0.00429 0 0.0004167 2600 0.006 1320 0.004 2500 0.006 369 0.00430 0 0.0004167 2600 0.006 1450 0.004 2650 0.006 580 0.004 7280Month t+1Outstanding amountInterestrate(OOOO i ) (PP.PP i ) (OOOO i ) *(PP.PP i )Client A 0 0.0004167 0Client B 2600 0.006 15.6Client C 1450 0.004 5.8Client D 2650 0.006 15.9Client E 580 0.004 2.32+ +S OOOO i 7280 S [(OOOOi ) *(PP.PP i )]39.62 S [(OOOOi ) *(PP.PP i )] =0.005442308S OOOO iReport in IRR for month t:Outstanding Amount 7280Interest Rate 0.54| 27

Version 2.0Interest Rate ReportDetailed calculation scheme for IRR (interest rates and new business/outstanding amounts)Monthly procedureI. By category of lending rate ( # 24)New contractamountinterest ratedepends on the caseAARActuarial annual rateNNNN iPP.PP inΣ NNNN i1nCBKΣ NNNN i * PP.PPi1nΣ NNNN i128 |

Interest Rate ReportVersion 2.0Monthly procedureII. By category of deposit rate ( # 19)Current account Savings account Time depositSnapshot Quotient New contractoutstanding amount Interest Flow amountat end of monthof the monthinterest Average interestrate of daily rateoutstandingamountsn=30/31Σ Ojj =1= MOOOO i PP.PP i FFFF i n NNNN i PP.PP innFFFF iΣ OOOOiΣ NNNN iM1 1CBKnnΣ OOOO i * PP.PP iΣ NNNN i * PP.PPi1 1nnΣ OOOO iΣ NNNN i1 1| 29

Version 2.0Interest Rate ReportAppendix 2: Institutional SectorsMainSectorGovernmentSubsector Description -CentralGovernmentLocalGovernmentCentral Government is legal entity established bypolitical processes that have legislative, judicial,or executive authority over other institutionalunits within specific areas.Local Government are units of legal entities ,respectively municipalities established bypolitical processes that have legislative, judicial,or executive authority over other institutionalunits.General Assembly,Ministries and theirsections (departments),Courts, etc;Municipalities.FinancialCorporationsDepositoryCorporationsOtherFinancialCorporationsDC, ODC, OFCDepositoryCorporationsCentral BankOtherDepositoryCorporations(ODC)Other FinancialCorporationsOther FinancialIntermediaries(OFC)Pension FundsThe financial corporations sector consist of allresident corporations and quasi-corporationsprincipally engaged in financial intermediation orin related auxiliary financial activities- -The central bank is the national financialinstitution that exercises control over key aspectsof the financial system and carries out suchactivities as issuing currency, regulating moneysupply and credit, managing internationalreserves, transacting with the IMF, and providingcredit to other depository corporations.The other depository corporations subsectorconsists of all resident financial corporations(except the central bank) and quasi-corporationsthat are mainly engaged in financialintermediation and that issue liabilities includedin the national definition of broad money- -The subsector of other financial intermediariescovers a diverse group of units constituting allfinancial corporations other than depositorycorporations, insurance corporations, pensionfunds, and financial auxiliaries.Pension funds are established to provideretirement benefits for specific groups ofemployees. Pension funds hold and invest assetsof contributors to cover future pension payments.GovernmentsCentral bank,commercial banks,insurance companies,pension funds, and therest of financialinstitutions.Central bank of theRepublic of Kosovo(CBK)Procredit Bank, BankaEkonomike, RaiffeisenBank, Bank forBusiness, NLBPrishtina, BankaKombëtare Tregëtare,Komercijalna Banka,Tϋrk EkonomikBankasiFINCA, KEP, GramenTrust, Agency forFinance in Kosovo,Cordaid, BesëlidhjaMicroFinance,KreditimiRural i Kosovës,Kosinvest WorldVision, Mështekna,Centro Laici Italianiper le Mission, START,Ballkanctie,Perspektiva 4,AgroBusineesDevelopment Unit,Koosva Aid anddevelopment, AtlanticCapital Partners,Vllesa - Co, CrimsonFinance Fund.KPST, Sllovenian -Kosovar Pension Fund.30 |

Interest Rate ReportVersion 2.0InsuranceCompaniesFinancialAuxiliariessometimes organize pension plans for theiremployees, which are independent of the socialsecurity system. Pension plans can be establishedon a voluntary basis, or they can be compulsorywith mandated contributions from the employee,employer, or both.Insurance companies provide financial benefits topolicyholders and their survivors in the event ofaccidents, illness, death, disasters, or incurrenceof various business or personal expenses.Insurance corporations invest premiums to buildup portfolios of financial assets to be used to meetfuture claims.The financial auxiliary subsector includesfinancial corporations that engage in activitiesclosely related to financial intermediation but donot act as intermediaries. Activities that areauxiliary to financial intermediation areperformed, on a secondary basis, by traditionalfinancial intermediaries or by financialauxiliaries that do not engage in raising funds orextending credit on their own account.Croatia Insurance,Dardania, Dukagjini,Insingu, Kosova e Re,Sigal-Drini, Sigkos,Sigma, Siguria, Elsig,Shoqata e SigurimeveIAK, Fondi IGarancionit GFK, CIU,Dukagjini Life.Exchange Bureaus:Agimi, Agoni, Ari,Beni, Euro, Euro Eki,Euro Exchange, Euro-Cufa, Gipa, Indriti,Monedha, Pikon,Prizreni, Valuta, Xeni,Ximi,E-Bani, Te Gazi,Pëllumbi, Hamza, Veli,Mena.Money TransferAgencies: DMTH, KLMEnterprises, PCBWestern Union, RZBKWestern Union, UnionFinanciar Prishtina,E&S EfikasitetiSiguria Llc.Other FinancialAuxiliaries: GuaranteeFund, Slovenian-Kosovar Fund - AssetsManager.NonfinancialcorporationsPublic ownedNonfinancial corporations are legal entitiesengaged in economic activities and transactionsin their own rights. Such units are responsibleand accountable for the economic decisions oractions they take.Social owned -PTK, KEK, Termokos,Batllava, InternationalPristhina Airport, etc.Private ownedHouseholds - A household may consist of an individual or morethan one person. Persons constituting a singlehousehold own assets in common, assumeliabilities on behalf of the whole household, andmake collective decisions on expenditure.NPISH - Non-profit institutions serving households(NPISH) are legal or social entities created for thepurpose of producing goods and services, butwhose status does not permit them to be a sourceof income, profit, or other financial gain for theunits that establish, control, or finance them.Nonresidents - Nonresident sub-sector consists of nonresidentinstitutional units (corporation or household) thatenter into transactions with resident units, orhave other economic links with resident units.All privatenonfinancial businessentities which areincorporated.Individuals and selfemployed personsrunning a nonincorporated businessNGOs, charitableinstitutions, mosques,churches, etc.UNMIK, EULEX,nonresidenthouseholds,corporations, etc.| 31

Version 2.0Interest Rate ReportAppendix 3: NACE ClassificationMaincategoryAgricult AureSubcategoryCrop andanimalproduction,hunting.and relatedserviceactivitiesAgriculture,forestryand fishingIndustry B Mining andquarryingA1A2A3B5B6B7B8Forestry andloggingFishing andaquacultureMining andquarryingExtraction ofcrudepetroleumand naturalgasMining ofmetal oresOther miningand quarryingA1.1.1A1.2.1A1.3.0A1.4.1A1.5.0A1.6.1A1.7.0A2.1.0A2.2.0A2.3.0A2.4.0A3.1.1A3.2.1B5.1.0B5.2.0B6.1.0B6.2.0B7.1.0B7.2.1B7.2.9B8.1.1B8.9.1DetailsGrowing of cereals (except rice),leguminous crops, oil seeds, rice,vegetables, melons, roots, tubers, sugarcane, tobacco, fibre crops, non-perennialcrops.Growing of grapes, tropical andsubtropical fruits, citrus fruits, pomefruits, stone fruits, other tree, bush fruitsand nuts, oleaginous fruits, beveragecrops, spices, aromatic, drug,pharmaceutical crops, perennial crops,tropical, subtropical fruits, pome fruits,stone fruits, tree, bush fruits, nuts,oleaginous fruits, beverage crops, spices,aromatic, drug and pharmaceutical crops,of other perennial crops.Plant propagation.Rising of dairy cattle, buffaloes, horses,other equines, camels, camelids, sheep,goats, swine, pigs, poultry and otheranimals.Mixed farming.Support activities for crop production,support activities for animal production,post-harvest crop activities, seedprocessing for propagation.Hunting, trapping and related serviceactivities.Silviculture and other forestry activities.LoggingGathering of wild growing non-woodproducts.Support services to forestryMarine fishing and freshwater fishing.Marine aquaculture and freshwateraquaculture.Mining of hard coal.Mining of lignite.Extraction of crude petroleum.Extraction of natural gas.Mining of iron ores.Mining of uranium and thorium ores.Mining of other non-ferrous metal ores.Quarrying of ornamental, building stone,limestone, gypsum, chalk, slate, operationof gravel and sand pits, mining of claysand kaolin.Mining of chemical, fertilizer minerals,extraction of peat, salt other mining andquarrying n.e.c.32 |

Interest Rate ReportVersion 2.0Industry C ManufacturingB9C10C11C12C14C15Miningsupport serviceactivitiesManufacturingof foodproductsManufactureof beveragesManufactureof tobaccoproductsManufactureof wearingapparelManufactureof leather andrelatedproductsB9.1.0B9.9.0C10.1.1C10.2.0C10.3.1C10.4.1C10.5.1C10.6.1C10.7.1C10.8.1C10.9.1C11.0.1C12.0.0C13.1.0C13.2.0C13.3.0C13.9.1C14.1.1C14.2.0C14.3.1C15.1.1C15.2.0Support activities for petroleum andnatural gas extraction.Support activities for other mining andquarrying.Processing and preserving of meat,processing, preserving of poultry meat,production of meatand poultry meat products.Processing, preserving of fish, crustaceansand molluscs.Processing, manufacture of fruit,vegetable juice, other processingpreserving of fruit, potatoes andvegetables.Manufacture of oils, fats, margarine andsimilar edible fats.Operation of dairies, cheese making andmanufacture of ice cream.Manufacture of grain mill products,starches and starch products.Manufacture of bread, fresh pastry goodsand cakes, rusks biscuits, manufacture ofpreserved pastry goods, cakes,manufacture of macaroni, noodles,couscous and similar farinaceous products.Manufacture of sugar, cocoa, chocolate,sugar confectionery, processing of tea,coffee, condiments, seasonings, preparedmeals, dishes, homogenised foodpreparations, dietetic food and other foodproducts n.e.c.Manufacture of prepared feeds for farmanimals and prepared pet foods.Distilling, rectifying and blending ofspirits, of wine from grape, cider, therfruit wines, manufacture of other nondistilledfermented beverages, beer, malt,soft drinks, production of mineral watersand other bottled waters.Manufacture of tobacco products.Preparation and spinning of textile fibres.Weaving of textiles.Finishing of textiles.Manufacture of knitted, crocheted fabrics,made-up textile articles, except apparel,carpets, rugs,cordage, rope, twine, netting,non-wovens, articles made from nonwovens,except apparel, other technical,industrial textiles and other textiles n.e.c.Manufacture of leather clothes, workwear,other outerwear, underwear, otherwearing apparel and accessories.Manufacture of articles of fur.Manufacture of knitted, crocheted hosiery,other knitted and crocheted apparel.Tanning and dressing of leather, dressing,dyeing of fur, luggage, handbags, saddler,harness and the like.Manufacture of footwear.C16 Manufacture C16.1.0 Sawmilling and planning of wood.| 33

Version 2.0Interest Rate ReportC17C18of wood and ofproducts ofwood and cork,exceptfurniture;manufacture ofarticles of cork,straw andplaitingmaterialsManufactureof paper andpaper productsPrinting andreproduction ofrecordedmediaC16.2.1C17.1.1C18.1.1C18.2.0Manufacture of veneer sheets and woodbasedpanels, assembled parquet floors,other builders' carpentry, joinery, woodencontainers, other products of wood, articlesof cork, straw and plaiting materials.Manufacture of pulp, paper andpaperboard, household, sanitary goodstoilet requisites, paper stationery,wallpaper, other articles of paper andpaperboard.Printing of newspapers, other printing,pre-press, pre-media services, binding andrelated services.Reproduction of recorded media.C19C20Manufactureof coke andrefinedpetroleumproductsManufactureof chemicalsand chemicalproductsC19.1.0C19.2.0C20.1.1C20.2.0C20.3.0C20.4.1C20.5.1C20.6.0Manufacture of coke oven products.Manufacture of refined petroleumproducts.Manufacture of industrial gases, dyes,pigments, other inorganic basicchemicals,other organic, fertilisers,nitrogen compounds, plastics in primaryforms, synthetic rubber in primary forms.Manufacture of pesticides and otheragrochemical products.Manufacture of paints, varnishes, similarcoatings, printing ink and mastics.Manufacture of soap, detergents, cleaning,polishing preparations, perfumes andtoilet preparations.Manufacture of explosives, glues, essentialoils, and other chemical products n.e.c.Manufacture of man-made fibres.C21C22C23Manufactureof basicpharmaceutical products andpharmaceutical preparationsManufactureof rubber andplasticproductsManufactureof other nonmetallicmineralproductsC21.1.0C21.2.0C22.1.1C22.2.1C23.1.1C23.2.0Manufacture of basic pharmaceuticalproducts.Manufacture of pharmaceuticalpreparations.Manufacture of rubber tyres and tubes,retreading, rebuilding of rubber tyres andother rubber products.Manufacture of plastic plates, sheets,tubes, profiles, plastic packing goods,builders‟ ware of plastic and other plasticproducts.Manufacture of flat glass, shaping,processing of flat glass, hollow glass, glassfibres and including technical glassware.Manufacture of refractory products.C23.3.1Manufacture of ceramic tiles, flags, bricks,tiles and construction products, in bakedclay.34 |

Interest Rate ReportVersion 2.0C23.4.1C23.5.1Manufacture of ceramic household,ornamental articles, ceramic sanitaryfixtures, ceramic insulators, insulatingfittings and other technical ceramicproducts.Manufacture of cement, lime and plaster.C23.6.1C23.7.0Manufacture of concrete products forconstruction purposes, plaster products forconstruction purposes, ready-mixedconcrete, mortars, other articles ofconcrete, plaster and cement.Cutting, shaping and finishing of stone.C24Manufactureof basic metalsC23.9.1C24.1.0C24.2.0C24.3.1C24.4.1Production of abrasive products, othernon-metallic mineral products n.e.c.Manufacture of basic iron, steel and offerro-alloys.Manufacture of tubes, pipes, hollowprofiles, related fittings and steel.Cold drawing of bars, cold rolling ofnarrow strip, cold forming or folding andcold drawing of wire.Precious metals production, aluminiumproduction, lead, zinc and tin production,copper production, other non-ferrous metalproduction, processing of nuclear fuel.C25Manufactureof fabricatedmetalproducts,exceptmachinery andequipment.C24.5.1C25.1.1C25.2.1C25.3.0C25.4.0Casting of iron, steel, light metals, andother non-ferrous metals.Manufacture of metal structures, parts ofstructures, doors and windows of metal.Manufacture of central heating radiatorsand boilers, other tanks, reservoirs andcontainers of metal.Manufacture of steam generators, exceptcentral heating hot water boilers.Manufacture of weapons and ammunition.C26Manufactureof computer,electronic andopticalproductsC25.5.0C25.6.1C25.7.1C25.9.1C26.1.1C26.2.0C26.3.0C26.4.0Forging, pressing, stamping, roll-formingof metal and powder metallurgy.Treatment, coating of metals andmachining.Manufacture of cutlery, locks, hinges andmanufacture of tools.Manufacture of steel drums, similarcontainers, light metal packaging, wireproducts, chain, springs, fasteners, screwmachine products, fasteners, screwmachine products and other fabricatedmetal products n.e.c.Manufacture of electronic components andloaded electronic boards.Manufacture of computers and peripheralequipment.Manufacture of communicationequipment.Manufacture of consumer electronics.C26.5.1Manufacture of instruments, appliancesfor measuring, testing, navigation,watches and clocks.| 35

Version 2.0Interest Rate ReportC27Manufactureof electricalequipmentC26.6.0C26.7.0C26.8.0C27.1.1C27.2.0C27.3.1C27.4.0C27.5.1C27.9.0Manufacture of irradiation, electromedicaland electrotherapeutic equipment.Manufacture of optical instruments andphotographic equipment.Manufacture of magnetic and opticalmedia.Manufacture of electric motors, generatorsand transformers, electricity distributionand control apparatus.Manufacture of batteries andaccumulators.Manufacture of fibre optic cables, otherelectronic, electric wires and cables andwiring devices.Manufacture of electric lightingequipment.Manufacture of electric domesticappliances and non-electric domesticappliances.Manufacture of other electrical equipment.C28C29Manufactureof machineryand equipmentn.e.c.Manufactureof motorvehicles,trailers andsemi-trailersC28.1.1C28.2.1C28.3.0C28.4.1C28.9.1C29.1.0C29.2.0C29.3.1Manufacture of engines, turbines, exceptaircraft, vehicle, cycle engines, fluid powerequipment, other pumps, compressors,other taps, valves, bearings, gears, gearingand driving elements.Manufacture of ovens, furnace burners,lifting and handling equipment, officemachinery, equipment (except computersand peripheral equipment), power-drivenhand tools, non-domestic cooling,ventilation equipment, power-driven handtools, other general-purpose machineryn.e.c.Manufacture of agricultural and forestrymachinery.Manufacture of metal forming machineryand other machine tools.Manufacture of machinery for metallurgy,mining, quarrying, construction,manufacture of machinery for food,beverage, tobacco processing, machineryfor textile, apparel, leather production,machinery for paper, paperboardproduction, plastics, rubber machineryand other special-purpose machinery n.e.c.Manufacture of motor vehicles, bodies(coachwork) for motor vehicles and trailersand semi-trailers.Manufacture of bodies (coachwork) formotor vehicles, manufacture of trailersand semi-trailers.Manufacture of electrical, electronicequipment for motor vehicles, other parts,accessories for motor vehicles, other partsand accessories for motor vehicles.C30Manufactureof othertransportequipmentC30.1.1C30.2.0C30.3.0C30.4.0Building of ships, floating structures,pleasure and supporting boats,manufacture of railway locomotives androlling stock.Manufacture of railway locomotives androlling stock.Manufacture of air, spacecraft and relatedmachinery.Manufacture of military fighting vehicles.36 |

Interest Rate ReportVersion 2.0Industry D Electricity,gas, steamand airconditioning supplyIndustry E Watersupply,sewerage,wastemanagment andremediation activities.IndustryFConstructionC31C32C33D35E36Manufactureof furnitureOthermanufacturingRepair andinstallation ofmachineryand equipmentElectricity,gas, steam andairconditioningsupplyWatercollection,treatment andsupplyC30.9.1C31.0.1C32.1.1C32.2.0C32.3.0C32.4.0C32.5.0C32.9.1C33.1.1C33.2.0D35.1.1D35.2.1D35.3.0E36.0.0E37 Sewerage E37.0.0 SewerageE38E39F41Wastecollection,treatment anddisposalactivities,materials recoveryRemediationactivities andother wastemanagementservices.Constructionof buildingsE38.1.1E38.2.1E38.3.1E38.3.2E39.0.0F41.1.0F41.2.0Manufacture of motorcycles, bicycles,invalid carriages and other transportequipment n.e.c.Manufacture of office shop furniture,manufacture of kitchen furniture,manufacture of mattresses, manufactureof other furniture.Striking of coins, manufacture of jewelry,related articles, imitation jewelry andrelated articles.Manufacture of musical instruments.Manufacture of sports goods.Manufacture of games and toys.Manufacture of medical and dentalinstruments and supplies.Manufacture of brooms and brushes andother manufacturing n.e.c.Repair of fabricated metal products,machinery, electronic, optical equipment,maintenance of ships, boats, maintenanceof aircraft and spacecraft other transportequipment and repair of other equipment.Installation of industrial machinery andequipment.Production of electricity, transmission ofelectricity and distribution of electricity.Manufacture of gas, distribution ofgaseous fuels through mains, trade of gasthrough mains.Steam and air conditioning supply.Water collection, treatment and supply.Collection of non-hazardous waste andcollection of hazardous waste.Treatment, disposal of non-hazardouswaste,treatment and disposal ofhazardous waste.Dismantling of wrecks.Recovery of sorted materials and recoveryof sorted materials.Remediation activities and other wastemanagement services.Development of building projects.Construction of residential and nonresidentialbuildings.| 37

Version 2.0Interest Rate ReportServices G Wholesaleand retailtrade,repair ofmotorvehiclesandmotorcycles.F42F43G45CivilengineeringSpecialisedconstructionactivitiesWholesale andretail tradeand repair ofmotor vehiclesandmotorcyclesF42.1.1F42.2.1F42.9.1F43.1.1F43.2.1F43.3.1F43.9.1G45.1.1G45.2.0Construction of roads, railways andmotorways, underground railways, bridgesand tunnels.Construction of utility projects for fluids,utility projects for electricity andtelecommunications.Construction of water projects,construction of other civil engineeringprojects n.e.c.Demolition, site preparation, test drillingand boring.Electrical installation, plumbing, heat andair-conditioning installation, otherconstruction installation, buildingcompletion and finishing.Plastering, joinery installation, floor, wallcovering, painting, glazing, other buildingcompletion and finishing.Roofing activities, other specialisedconstruction activities n.e.c.Sale of cars, light motor vehicles, sale ofother motor vehicles.Maintenance and repair of motor vehicles.G46Wholesaletrade, except ofmotor vehiclesandmotorcyclesG45.3.1G45.4.0G46.1.1G46.2.1G46.3.1G46.4.1Wholesale trade of motor vehicle parts andaccessories, retail trade of motor vehicleparts and accessories.Sale, maintenance, repair of motorcycles,related parts and accessories.Agents involved in the sale of agriculturalraw materials, live animals, textile rawmaterials, semi-finished goods, agentsinvolved in the sale of fuels, ores, metals,industrial chemicals, agents timber,machinery, building materials, industrialequipment, ships, aircraft, agents involvedin the sale of furniture, household goods,hardware, ironmongery, agents involvedin the sale of textiles, clothing, fur,footwear, leather goods, agents involved inthe sale of food, beverages, tobacco,agentsspecialised in the sale of other particularproducts and agents involved in the sale ofa variety of goods.Wholesale of grain, unmanufactured,tobacco, seeds, animal feeds, flowers,plants, live animals, hides, skins andleather.Wholesale of fruit and vegetables, meatproducts, dairy products, eggs, edible oils,fats, beverages, tobacco products, sugar,chocolate, sugar confectionery, coffee, tea,cocoa, spices, other food, including fish,crustaceans, mollusks, non-specializedfood, beverages and tobacco.Wholesale of textiles, clothing, footwear,electrical household appliances, china,glassware, cleaning materials, perfume,cosmetics and pharmaceutical goods,furniture, carpets, lightings equipment,38 |

Interest Rate ReportVersion 2.0watches, jewellery and other householdsgoods.G46.5.1G46.6.1G46.7.1G46.9.0Wholesale of computers, computerperipheral equipment, software,electronic,telecommunications equipment and parts.Wholesale of agricultural machinery,equipment and supplies, machine tools,mining, construction, civil engineeringmachinery, machinery for the textileindustry sewing, knitting machines, officefurniture, other office machineryequipment, other machinery andequipment.Wholesale of solid, liquid, gaseous fuelsand related products, metals, metal ores,wood, construction materials, sanitaryequipment, hardware, plumbing andheating equipment, supplies, chemicalproducts, other intermediate products,waste and scrap.Non-specialised wholesale tradeG47Retail trade,except of motorvehicles andmotorcycles.G47.1.1Retail sale in non-specialised stores withfood, beverages or tobacco predominating,other retail sale in non-specialised stores.G47.2.1G47.3.0G47.4.1G47.5.1G47.6.1Retail sale of fruit and vegetables inspecialised stores, meat products inspecialised stores, fish, crustaceans,molluscs in specialised stores, bread,cakes, flour confectionery and sugarconfectionery in specialised stores, retailsale of beverages in specialized, otherretail sale of food in specialisedstoresstores, tobacco products inspecialised stores.Retail sale of automotive fuel inspecialised stores.Retail sale of computers, peripheral units,software in specialised stores, retail sale oftelecommunications equipment inspecialised stores, retail sale of audio andvideo equipment in specialised stores.Retail sale of textiles in specialised stores,hardware, paints and glass in specialisedstores, hardware, paints, glass inspecialised stores, carpets, rugs, wall andfloor coverings in specialised stores,electrical household appliances inspecialised stores, furniture, lightingequipment and other household articles inspecialised stores.Retail sale of books in specialisedstores,Retail sale of newspapers,stationery in specialised stores, retail saleof music video recordings in specialisedstores, retail sale of sporting equipment inspecialised stores,retail sale of games andtoys in specialised stores.| 39

Version 2.0Interest Rate ReportServices H TransportingandstorageServices I Accommodation andfoodserviceactivitiesH49H50Land transportand transportvia pipelinesWatertransportG47.7.1G47.8.1G47.9.1H49.1.0H49.2.0H49.3.1H49.4.1H49.5.0H50.1.0H50.2.0H50.3.0H50.4.0Retail sale of clothing in specialised stores,footwear, leather goods in specialisedstores, dispensing chemist in specialisedstores,retail sale of medical orthopaedic goods inspecialised stores,retail sale of cosmetic,toilet articles in specialised stores,retailsale of flowers, plants, seeds, fertilisers,pet animals, pet food in specialised stores,retail sale of watches, jewellery inspecialised stores, other retail sale of newgoods in specialised stores.Retail sale via stalls and markets of food,beverages, tobacco products,sale via stalls,markets of textiles, clothing, footwear andmarkets of other goods.Retail sale via mail order houses or viaInternet,other retail sale not in stores,stalls or markets.Passenger rail transport, interurban.Freight rail transport.Urban and suburban passenger landtransportFreight transport by road,RemovalservicesTransport via pipelineSea and coastal passenger water transportSea and coastal freight water transport.Inland passenger water transport.Inland freight water transport.H51 Air transport H51.1.0 Passenger air transport.H52H53I55I56Warehousingand supportactivities fortransportationPostal andcourieractivitiesAccommodationFood andbeverageserviceactivities.H51.2.1H52.1.0H52.2.1H53.1.0H53.2.0I55.1.0I55.2.0I55.3.0I55.9.0I56.1.0I56.2.1Freight air transport and space transport.Warehousing and storage.Service activities incidental to landtransportation, water transportation, airtransportation,cargo handling and othertransportation support activities.Postal activities under universal serviceobligation.Other postal and courier activities.Hotels and similar accommodation.Holiday and other short-stayaccommodation.Camping grounds, recreational vehicleparks and trailer parks.Other accommodationRestaurants and mobile food serviceactivities.Event catering activities and other foodservice activities.40 |

Interest Rate ReportVersion 2.0I56.3.0Beverage serving activities.Services J Information andcommunicationJ58J59J60J61PublishingactivitiesMotionpicture, video,televisionprogrammeproduction,soundrecording andmusicpublishingactivities.Programmingandbroadcastingactivities.TelecommunicationsJ58.1.1J58.2.1J59.1.1J59.2.0J60.1.0J60.2.0J61.1.0J61.2.0Book publishing, directories, mailinglists,newspapers, journals periodicals andother publishing activities.Publishing of computer games and othersoftware publishing.Motion picture, video and televisionprogramme distribution productionactivities,post-production activities,motion pictureand motion picture projection activities.Sound recording and music publishingactivities.Radio broadcasting.Television programming and broadcastingactivities.Wired telecommunications activities.Wireless telecommunications activities.J61.3.0Satellite telecommunications activities.J61.9.0Other telecommunications activities.Services K FinancialandinsuranceactivitiesJ62J63K64Computerprogramming,consultancyand relatedactivities.InformationserviceactivitiesFinancialserviceactivities,exceptinsurance andpensionfundingJ62.0.1J63.1.1K64.1.1K64.2.0Computer programming activities,consultancy activities, facilitiesmanagement activities,other information technology andcomputer service activities.Data processing, hosting, related activitiesand web portals.Central banking and other monetaryintermediation.Activities of holding companies.K64.3.0K64.9.1Trusts, funds and similar financialentities.Financial leasing, other credit granting,other financial service activities, exceptinsurance and pension funding n.e.c.K65Insurance,reinsurance,pension funding,exceptcompulsorysocial security.K65.1.1K65.2.0Life insurance and Non-life insurance.ReinsuranceK65.3.0Pension funding| 41

Version 2.0Interest Rate ReportK66Activitiesauxiliary tofinancialservices andinsuranceactivities.K66.1.1K66.2.1K66.3.0Administration of financial markets,security, commodity contracts brokerage,other activities auxiliary to financialservices, except insurance and pensionfunding.Risk and damage evaluation, activities ofinsurance agents and brokers, otheractivities auxiliary.to insurance and pension funding.Fund management activities.Services L RealestateactivitiesL68Real estateactivitiesL68.1.0Buying and selling of own real estate.Services M Professional, scientificandtechnicalactivitiesM69M70M71Legal andaccountingactivitiesActivities ofhead offices;managementconsultancyactivitiesArchitecturalandengineeringactivities;technicaltesting andanalysisL68.2.0L68.3.1M69.1.0M69.2.0M70.1.0M70.2.1M71.1.1M71.2.0Renting and operating of own or leasedreal estate.Real estate agencies, management of realestate on a fee or contract basis.Legal and accounting activities.Accounting, bookkeeping, auditingactivities and tax consultancy.Activities of head offices.Public relations and communicationactivities, business and other managementconsultancy activities.Architectural activities,engineeringactivities and related technicalconsultancy.Technical testing and analysis.M72M73M74Scientificresearch anddevelopmentAdvertisingand marketresearchOtherprofessional,scientific andtechnicalactivitiesM72.1.1M72.2.0M73.1.1M73.2.0M74.1.0M74.2.0Research and experimental developmenton biotechnology, other research,experimental development on naturalsciences and engineering.Research and experimental developmenton social sciences and humanities.Advertising agencies and mediarepresentation.Market research and public opinionpolling.Specialised design activities.Photographic activities.M74.3.0Translation and interpretation activities.M75VeterinaryactivitiesM74.9.0M75.0.0Other professional, scientific and technicalactivities n.e.c.Veterinary activities.42 |

Interest Rate ReportVersion 2.0Services N Administrative andsupportserviceactivitiesN77N78Rental andleasingactivitiesEmploymentactivitiesN77.1.1N77.2.1N77.3.1N77.4.0N78.1.0N78.2.0Renting and leasing of cars, light motorvehicles, renting and leasing of trucks.Renting and leasing of recreational andsports goods,video tapes and disks, leasingof other personal and household goods.Renting and leasing of agriculturalmachinery, equipment, construction andcivil engineering machinery andequipment, leasing of office machinery andequipment (including computers), leasingof water transport equipment, leasing ofair transport equipment, leasing of othermachinery, equipment and tangible goodsn.e.c.Leasing of intellectual property, similarproducts and except copyrighted works.Activities of employment and placementagencies.Temporary employment agency activities.N78.3.0Other human resources provision.N79N80Travel agency,tour operatorand otherreservationservice andrelatedactivitiesSecurity andinvestigationactivitiesN79.1.1N79.9.0N80.1.0N80.2.0N80.3.0Travel agency activities and tour operatoractivities.Other reservation service and relatedactivities.Private security activities.Security system services activitiesinvestigation activitie.Investigation activities.N81Services tobulidings andlandscapeactivitiesN81.1.0N81.2.1Combined facilities support activities.General cleaning of buildings, otherbuilding and industrial cleaning activitiesand other cleaning activities.Other O Publicadministration anddefence;compulsorysocialsecurityN82O84Officeadministrative, office supportand otherbusinesssupportactivitiesPublicadministrationand defence;compulsorysocial securityN82.1.1N82.3.0N82.9.1O84.1.1Combined office administrative serviceactivities, photocopying, documentpreparation, and other specialised officesupport activities.Organisation of conventions and tradeshows.Activities of collection agencies and creditbureaus, packaging activities,otherbusiness support service activities n.e.c.General public administration activities,regulation of the activities of providinghealth care,education, cultural servicesand other social services , excluding socialsecurity regulation of and contribution tomore efficient operation of businesses.| 43

Version 2.0Interest Rate ReportO84.2.1O84.3.0Foreign affaairs, defence activities, justiceand judicial activities, public order andsafety activities, fire service activities.Compulsory social security activities.Other P Education P85 Education P85.1.0 Pre-primary educationOther Q Humanhealth andsocial workactivitiesOther R Arts,entertainmentandrecreationOther S OtherservicesactivitiesQ86Q87Q88R90R92R93S94Human healthactivitiesResidentialcare activitiesSocial workactivitieswithoutaccommodationCreative, artsandentertainmentactivitiesGambling andbettingactivitiesSportsactivities andamusementand recreationactivitiesActivities ofmembershiporganisationsP85.3.1P85.4.1P85.5.1P85.6.0Q86.1.0Q86.2.1Q86.9.0Q87.1.0Q87.3.0Q87.9.0Q88.1.0Q88.9.1R90.0.1R91.0.1R92.0.0R93.1.1S94.1.1S94.2.0S94.9.1General secondary education, technicaland vocational secondary education.Post-secondary non-tertiary education andtertiary education.Sports and recreation education, culturaleducation, driving school activities,driving school activities, other educationn.e.c.Educational support activities.Hospital activities.General medical practice activities,specialist medical practice activities anddental practice activities.Other human health activities.Residental nursing care activities,residential care activities for mentalretardation, mental health and substanceabuse.Residential care activities for the elderlyand disabled.Other residential care activities.Social work activities withoutaccommodation for the elderly anddisabled.Child day-care activities, other social workactivities without accommodation n.e.c.Performing arts, support activities toperforming arts, artistic creation andoperation of arts facilities.Library and archives activities, museumsactivities, operation of historical sites,buildings, similar visitor attractions,botanical, zoological gardens and naturereserves activities.Gambling and betting activities.Operation of sports facilities, activities ofsport clubs, fitness facilities and othersports activities.Activities of professional membershiporganisations, activities of business andemployers membership organisations.Activities of trade unions.Activities of religious organisations,political organisations and othermembershiporganisations n.e.c.44 |

Interest Rate ReportVersion 2.0Other T Activitiesofhouseholdsasemployers,undifferentiatedgoods,services -producingactivities ofhouseholdsfor ownuse.Other U Activitiesofextraterritorialorganisations andbodiesS95S96T97T98U99Repair ofcomputers andpersonal andhouseholdgoodsOther personalserviceactivities.Activities ofhouseholds asemployers ofdomesticpersonnel.Undifferentiated goods,servicesproducingactivities ofprivatehouseholds forown use.Activities ofextraterritorialorganisationsand bodies.S95.1.1S95.2.1S96.0.1T97.0.0T98.1.0U99.0.0Repair of computers and peripheralequipment and communication equipment.Repair of consumer electronics, householdappliances, home, garden equipment,footwear, leather goods, furniture, homefurnishings,repair of watches, clocks,jewellery, repair of other personal andhousehold goods.Washing and (dry-)cleaning of textile andfur products, hairdressing, other beautytreatment, funeral and related activities,physical well-being activities and otherpersonal service activities n.e.c.Activities of household as employer anddomestic personnel.Undifferentiated goods-producingactivities of private households for ownuse.Activities of extraterritorial organisationand bodies.| 45