Bank of Albania’s priorities for 2016

Tirana, February 9, 2016

Bank of Albania will compile a new law specifically for cases when a private bank faces financial difficulties, known as the Resolution Law. This is one of the priorities of the Bank for 2016, as reflected in its program for 2016-2019 period of time.

Another priority of the Bank for 2016 will be to boost lending for the private sector by private banks with low and affordable interest rates. Even for this year, the Bank will continue to apply easing monetary policies in order to revive the economy.

The three year strategy of the Bank also underlines as a priority the approximation of its policies with the European Central Bank. On this behalf, the Bank will continuously address to the Supervisory Board its legal framework in order to improve it.

News source/photo credits: ATA