insurance, by appointing the liquidator, who will direct the insurer in liquidation “ kosova e re ” and will ensure fair and equal treatment, always in accordance with applicable legal requirements, to all creditors. with the appointment of the liquidator, all responsibilities of the administrator, the board of directors and the management of the insurer in relation to its management cease. the liquidator will be available to review all claims, primarily policyholders as well as other creditors. the liquidator will report on a monthly basis to the cbk regarding the progress of fulfillment of obligations to creditors. at the same time the liquidator will notify in more detail all creditors and other stakeholders regarding the manner of communication and will provide phone contacts, email and location for submission of all requirements of policyholders and other creditors. 1 / 2 bis central bankers'speeches the central bank instructs all policyholders and other creditors to follow announcements in the coming days by the liquidator and the cbk regarding the instructions on processing the claims they have in relation to the insurer in liquidation “ kosova e re ". on this occasion, i would like to express our high appreciation to the insurers operating in our market who have expressed their willingness to take over all active policies of the insurer “ kosova e re ” so that citizens do not need to repurchase the policies of insurance. the cbk, in accordance with the duties and responsibilities set forth in the law on the central bank and other relevant laws governing the activity of financial institutions, will continue its activities to ensure full compliance of the activity of financial institutions with the requirements set by applicable laws and regulations. maintaining the ability of financial institutions to meet financial obligations is of a great importance for maintaining financial stability in the country, which is the primary objective of the cbk. therefore, in order to maintain financial stability and protect users of financial services, the cbk remains committed to use all legal opportunities to ensure the smooth running of the financial system in the country, providing the country ’ s economy with a financial system in function of macroeconomic development and stability, as well as a system that provides security for all users of financial services. revocation of the license of the insurer “ kosova e re ” does not endanger the stability of the insurance sector in kosovo. kosovo ’ s financial system, since the beginning of its operation, has had a stable development and has served as an important source of macroeconomic stability in the

percent. total assets of the banking sector have continued the growth trend during this year, amounting to 5. 79 billion euros in november 2021, representing an annual increase of 13 percent. the banking sector continues to enjoy high public trust, which is also expressed by the continuous growth of deposits. in november 2021, the total value of deposits was about 4. 67 billion euros, representing an annual increase of 12. 8 percent. the growth rate of total deposits is mainly dictated by household deposits, a category that dominates the structure of total deposits in the banking sector with a share of 69. 6 percent in total deposits, and which, by october 2021, marked an annual increase of 18 percent. the average interest rate on loans in november 2021 was 5. 6 percent, which is lower than the rate of 6. 1 percent recorded in november 2020. the financial health indicators for the banking sector continue to show a high level of sustainability in all aspects. it is worth emphasizing the good quality of the loan portfolio with a non - performing loan rate of only 2. 3 percent in november 2021. coverage of non - performing loans with loan loss provisions remains at a high level of 147. 8 percent, which indicates appropriate levels of provisions in the banking sector the banking sector continues to have a high capital adequacy ratio of 17. 5 percent at the end of october, which continues to be significantly above the minimum regulatory level of 12. 0 percent. the liquidity position of the banking sector remains high. the ratio of liquid assets to short - term liabilities in july reached 38. 4 percent, which is well above the required regulatory minimum of 25. 0 percent. * * * we also have positive developments in the insurance sector. the assets of insurance sector, representing about 3. 0 percent of the total assets of the financial system, in september 2021, reached the value of 235. 7 million euros, representing an annual increase of 10. 0 percent. it is important to emphasize that the capital of the insurance sector has been increased this year as well, as a result of the cbk ’ s request for a capital increase. the value of insurers ’ capital in september 2021 amounted to 61. 1 million euros with an annual increase of 5. 9 percent. whereas, this sector continued to have a positive financial performance during this period, 3 / 5 bis central bankers'speeches recording a net profit of 5. 9 million euros until september 2021. gross written premiums by insurance companies until september