Regulatory Alerts2012-11-29
Effective Interest Rate and Bank Disclosure Requirements
The Central Bank of the Republic of Kosovo mandates a unified calculation methodology and comprehensive disclosure requirements for effective interest rates, fees, and charges on all credit and deposit products. Licensed banks must clearly advertise effective interest rates, provide pre-contract information and periodic account statements, maintain conspicuous price lists, and justify charges based on actual service costs. These standardized transparency measures apply to all domestic and foreign bank branches operating in Kosovo, ensuring customers can accurately compare costs and benefits before entering agreements.
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