“Kosovo's financial system, stable” - IMF assesses progress in strengthening financial stability framework
A recent report by the International Monetary Fund (IMF) has assessed the significant progress made by the Central Bank of Kosovo (CBK) in strengthening financial sector supervision, risk-based supervision, implementation of the Supervisory Review and Evaluation Process (SREP/SRP), stress testing, macroprudential policy and institutional governance. The report also confirms that Kosovo’s financial system remains broadly sound, with well-capitalized banks, low levels of non-performing loans and liquidity buffers above regulatory requirements.
The IMF report highlights that, since the first FSSR, the CBK has advanced important reforms, including strengthening risk-based banking supervision, advancing the SREP framework, implementing Basel III-related regulatory standards, and activating macroprudential instruments. The report also acknowledges progress in establishing the macroprudential framework, including the designation of Domestic Systemically Important Banks and the establishment of the Countercyclical Capital Buffer.
The report further assesses the CBK’s progress in strengthening its institutional arrangements, supervisory capacities, financial stability analysis and crisis preparedness frameworks, providing a clear technical roadmap for the next phase of reforms. These recommendations will support the CBK’s ongoing efforts to further advance supervisory effectiveness, systemic risk monitoring, data infrastructure, macroprudential policy and financial sector resilience.
The CBK remains committed to implementing reforms in line with international standards and European Union practices, with the aim of maintaining financial stability, strengthening institutional sustainability and supporting the sustainable development of the financial sector in Kosovo.
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