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Kosovo's C-Bank End-July Assets Rise 25.3% Y/Y to 1.2 Bln Euro - Table

Oct 6, 2008, 1:16:57 PMArticle by Plamena Stoyanova
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The total assets of Kosovo’s Central Banking Authority (CBAK) rose by 25.3% year-on-year to 1.2 billion euro ($1.62 billion) at the end of July, the bank said on Monday.

Kosovo's C-Bank End-July Assets Rise 25.3% Y/Y to 1.2 Bln Euro - Table

Following are figures from CBAK's balance sheet (in millions of euro):

end-July'08 end-July'07 end-2007
total assets 1,203.4 960.6 1,060.090
-currency 70.2 47.4 63.81
-deposits abroad 897.0 681.0 759.020
-securities other than shares 229.0 228.0 229.5
total liabilities 1,203.4 960.6 1,060.090
-transferable deposits 775.9 771.0 1,009.666
-other deposits 386.1 206.9 10.556
-shares and other equity 39.0 30.9 33.845

CBAK was officially transformed into a central bank in August 2006. In the previous eight years it acted as Kosovo’s financial authority, performing many of the functions of a central bank.

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. Serbia, backed by its historical ally Russia, says it would never recognise Kosovo as an independent state. More than 40 countries have recognised Kosovo’s independence.

($=0.7368 euro)


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