Kosovo Banks' End-Aug Loan Portfolio Rises 39.8% Y/Y to 1.1 Bln Euro - Table

At the end of 2007, the banks' total loan portfolio was 892.1 million euro, up by 40% from end-2006.

Deposits in Kosovo banks totalled 1.37 billion euro at the end of August, up by 27.8% from a year earlier, the bank said in its monthly report.

Details follow (in millions of euro):

Nine commercial banks operate in Kosovo with ProCredit Bank Kosovo and Raiffeisen Bank holding the biggest market shares in term of assets.

Kosovo, where 90% of the population is ethnic Albanian, declared its secession from Serbia in February after almost nine years under the administration of the United Nations. Fifty countries have so far recognised Kosovo’s independence. Serbia, backed by its historical ally Russia, says it would never recognise Kosovo as an independent state.

($=0.7838 euro)