The return on investment of the Kosovo Pension Savings Trust by the end of September 2020 was positive at a rate of 12.5 percent. The economic recovery package envisions injecting a significant amount of money into the economy (around € 220 million) enabling pension contributors to withdraw 10 per cent of their pension savings.
Despite these benefits, progress in banking market integration in Europe has been slow, particularly in retail banking. For example, in 2017 cross-border loans amounted to only 8.6% of total loans to firms and a negligible 0.9% of loans to households.5 It is true that cultural, legal and language barriers may make it difficult to directly provide crossborder banking services.