August 30, 2007 - On the course of its meeting held on the Thursday August 30th, 2007 the Governing Board of the Central banking Authority of Kosovo (CBAK), decided to grant branch licenses to:

1.       Banka Kombetare Tregtare (BKT) and,

2.       Komercijalna Banka (KM)

BKT and KM were already given a preliminary license last year by unanimous decision of the CBAK Governing Board. Both banks comply with the regulatory requirements set up by the Regulations and Rules applicable in Kosovo. They will be submitted to the control of CBAK regarding their activities in Kosovo. The European Bank for Reconstruction and Development is a shareholder in both of the banks  and intend to expand step-by-step their activities in Kosovo.
In addition to the above, CBAK Governing Board took the following  other decisions:

o        Approval  of the proposal on amendments of  the UMIK Regulation No. 1999/21 On Bank Licensing, Supervision  and Regulation

o        Approval of Banking Rule No.11 on Reporting Requirements,

o        Approval of banking Rule No. 17 on Liquidity Requirements

o        Approval of Revocation of CBAK Supplementary Pension Fund