is our duty to ensure that the banks under our supervision address these risks adequately and proactively. 2 / 3 bis - central bankers'speeches as part of cbk's commitment to advancing this issue, we have already applied to join the financial system greening network, which is a network of 83 central banks and prestigious financial supervisory authorities that aims to accelerate growth of green finance and develop recommendations on the role of central banks on climate change. we hope to soon become part of this prestigious network of central banks and financial supervisory authorities. also, in cooperation with the world bank, we are drawing up a strategy where the recommendations and supervisory requirements for the management of risks related to climate change will be defined. in conclusion, during this delicate period, it is very important that the banking sector continues to support the economy through its lending. special attention should also be paid to the monitoring of financial risks, adequate provisioning and transparency and responsible behaviour towards customers. the central bank of the republic of kosovo remains committed to ensuring financial stability and supporting the country's economy with all available instruments. congratulating you once again for holding today's conference, i wish you good luck in the future. thank you! 3 / 3 bis - central bankers'speeches

fehmi mehmeti : the banking sector is able to withstand possible negative shocks speech by mr fehmi mehmeti, governor of the central bank of the republic of kosovo, at the 20th anniversary of the establishment of the kosovo banking association, pristina, 3 november 2022. * * * honoured chairperson of the board of the association of banks mr. lumezi, honoured executive director of the association mr. balija, honoured representatives of financial institutions, dear participants, ladies and gentleman, on behalf of cbk, i congratulate you on the 20th anniversary of the establishment of the association of banks of kosovo and thank you for your cooperation during these years. both throughout the world and in kosovo, the last few years have been quite challenging and characterized by high uncertainty, for the financial system and for the country's economy. as a result of the adequate regulatory framework as well as high supervisory standards, the pandemic situation found the banking sector in kosovo with high levels of capital and liquidity as well as very good quality of assets. also, the prudent measures undertaken by the cbk in cooperation with the financial institutions operating in kosovo have been shown to be very effective in maintaining financial stability and minimizing the consequences for the country's economy in general. this careful and proactive approach has made the banking sector go through this rather difficult period without suffering serious consequences, and today we have a banking sector that has in no way become a burden to the state, on the contrary, it is playing a very important role in lending to the economy and is serving as one of the main pillars of the stability and development of the country's economy. bank lending continues to be a very important and stable source of financing for households and businesses in kosovo. the banking sector, despite the increased risks, has continued to increase lending and maintain the level of sustainability. the value of bank loans until september 2022 has reached 4. 2 billion euros, marking a significant annual increase of 18. 5 %. inflationary pressures, already elevated as a result of post - pandemic developments in the global economy, are now characterized by a marked increase as a result of russian aggression in ukraine. inflationary pressures certainly pose a challenge to financial stability, as they directly affect the solvency of citizens in conditions where incomes are not corrected for inflation. 1 / 3 bis - central bankers'speeches therefore, in this period of geopolitical shocks, we must especially pay attention to