Deposit Insurance Fund of Kosovo (DIFK) and European Bank for Reconstruction and Development (EBRD) sign the Grant Agreement

DIFK and EBRD have signed a Grant Agreement for co-financing of project for implementation of Risk-Based Premium System based on European Banking Authority (EBA) Guidelines.

The EU Directive on Deposit Guarantee Schemes (EU DGSD) harmonizes the funding mechanisms and mandates that Deposit guarantee Schemes apply risk-based premiums for collection of contributions from banking industry.

DIFK on its strategic plan 2018-2022 has set alignment as one of its strategic objectives implementation of  EBA Guidelines.

EBA Guidelines on risk based premiums set forward methods of calculation of risk based premiums based on risk profile and exposure towards each member bank.

The implementation of the EBA risk based premium system is a multi-year project to be implemented in three phases and expected to be finalized by end-2023.

DIFK aims with this reform to advance its premiums system based on best EU practices for an effective deposit insurance system which is critical for financial stability.