Financial Stability Report No1 20 December 2010 - Banka Qendrore ...

Financial Stability ReportNumber 1was also the reduction of the number of employees in this sector. The number of bankingsector employees in June 2010 was 3727, compared to 3827 in June 2010.Table 4. Banking sector networkDescription June 2007 June 2008 June 2009 June 2010Number of branches and sub-brunches 227 279 289 296Number of employees 2,855 3,762 3,827 3,727Number of ATM 0 1,061 1325 1329Number of POS 0 2,837 4,612 5,493Number of e-banking accounts 0 11,242 17,496 48,188Source: CBK 2010Among other services, banks continued to mark a rapid increase of e-banking accounts,which in June 2010 reached at 48188 from 17496 in June 2009. These services representimportant factors for the enhancement of banking sector efficiency and also facilitate theaccess of clients to banking services.In 2010, the payment system in Kosovo’s banking sector marked an increase in the numberas well as in the volume of total transactions, reflecting a sustained confidence andefficiency of the banking sector in Kosovo. The total number of transactions reached 1.87million in June 2010, an increase of 3.0 percent compared with the same period in 2009.Amounting at euro 1.94 billion in June 2010, the value of total banking transactionsmarked an annual increase of 18.9 percent.6.2. Banking sector balance sheet6.2.1 AssetsBanking sector continued to expand the activity also during the first half of 2010 withassets reaching at euro 2.2 billion in June 2010 (55.1 percent of GDP), representing anincrease of 15.1 percent. The main contributing categories to the overall increase of bankingsector assets were loans and securities (Figure 13). The activity of commercial banksoperating in Kosovo is dominated by the intermediation activity within the country, whilethe exposure to the external sector accounted for 24.5 percent of total assets in June 2010.Compared to June 2009, banking sector assets invested abroad increased their share tototal assets by 5pp. These assets are mainly deposited in commercial banks and a smallerpart is invested in securities.| 29