Regulatory Alerts2022-04-30
Regulation on Licensing of Banks and Branches of Foreign Banks
The Central Bank of the Republic of Kosovo has issued a regulation establishing comprehensive licensing terms, capital requirements, and procedural timelines for domestic banks and foreign bank branches. Applicants must secure a minimum initial capital of seven million euros, demonstrate shareholder financial soundness and beneficial ownership transparency, and submit authenticated documentation to initiate the approval process. The regulator will conduct preliminary assessments within three months, verify premises and consolidated group supervision, and issue final licenses or revoke them based on ongoing compliance and depositor protection.
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