Bank of Albania has announced the holding of the International Financial Forum third session on June of this year, in Tirana capital. The third session of the International Financial Forum will be organized by the Bank of Albania and will have in focus of its discussions the country’s economy performance and the challenges for the boost of lending.
The Forum is a platform for exchanging ideas and to display different standings and opinions regarding the problems and the challenges that the banking system in the country has faced and is currently facing nowadays. The participants in this Forum will be experts of the Bank of Albania, private banks officials, representatives of the International Monetary Fund and representatives from international banks which operate in Albania.
Several days ago, the Bank of Albania’s Governor Gent Sejko held a meeting with the highest representatives of the Albanian government to discuss regarding the organizing of the Forum. Sejko appealed to private banks representatives to analyze the current developments of the bank system in the country and to prepare their suggestions for different problems.
A key theme of the Forum works will be the increase of lending to businesses and individuals by private banks, as an efficient manner in boosting the economic development in the country. In this regard, the Governor of the Bank of Albania has highlighted the necessity to respect the supervisory regulatory framework for the evaluation and the administration of the loan risks and the balanced distribution of the lending portfolio.
Sejko was of the opinion that banks should reevaluate of the potential of various economy sectors in order to identify the sectors which offer the best lending options. Another complementary analysis that banks should make in order to guarantee a stable revival of lending is a specified analysis of the nonperforming loans portfolio.
News source/photo credits: ATA