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International conference on Digital Banking in Albania
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International conference on Digital Banking in Albania

Tirana, Albania 25 May 2016 On May 25th, the Albanian Association of Banks and the Bank of Albania will organize the first international conference on digital banking in Albania. The conference will be organized with the aim to gather Albanian and international representatives from state institutions and the private banking sector in order to discuss...

Private banks hit record profits in 2015
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Private banks hit record profits in 2015

Tirane, Albania / March 2, 2016 The banking system in Albania hit a new profit record during 2015. Private banks reached record profits of ALL 15.7 billion, although only three major private banks hit the highest profits compared to other banks. The increase of profits has come as a result of the decrease of interest...

Sejko: The decrease of interest rates boosted lending
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Sejko: The decrease of interest rates boosted lending

Tirane, Albania / March 1, 2016 The Bank of Albania’s Governor, Gent Sejko, has explained in a press interview the facilitating monetary policies applied by the bank during the past year. According to Sejko, the bank has maintained low interest rates for the Euro and Albanian Lek currencies in order to boost lending by private...

The number of bank accounts and internet banking usage increased
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The number of bank accounts and internet banking usage increased

Tirane, Albania / February 22, 2016 The number of bank accounts registered at the private banks has increased by 4.5% during 2015, compared to 2014. According to Bank of Albania, the number of bank accounts reached 3.3 million and 146.000 new accounts were created during 2015, most of them current accounts. The increase of bank...

Deposits increased significantly on November 2015
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Deposits increased significantly on November 2015

Tirana, January 8, 2016 The total amount of deposits in the banking system in Albania increased to ALL 974 billion by the end of November 2015, according to a report released by the Bank of Albania. Deposits of individuals and businesses increased by ALL 2 billion, in comparison to October 2015 while in annual terms deposits...

American Investment Bank, newest private bank in Albania
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American Investment Bank, newest private bank in Albania

Tirana, December 4, 2015 In a special ceremony, the newest second tier bank in Albania named the American Investment Bank was given the license by the Bank of Albania Governor Gent Sejko. The American Investments Bank is the newest investment in the bank sector and was inaugurated on December 4th at the National Gallery of...

BKT and Raiffeisen bank, higher concentration in the market
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BKT and Raiffeisen bank, higher concentration in the market

 Tirana / November 9, 2015 A latest report by Bank of Albania shows that Raiffeisen and BKT private banks’ concentration in the market has increased during 2015, after their assets comprise 48% of the total amount of banking system’ assets. In 2014, these two banks’ assets comprised 44.9% of the total amount of banking system’...

Deposits of individuals increased by 2.8% in the first semiannul of 2015
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Deposits of individuals increased by 2.8% in the first semiannul of 2015

According to a report released by Bank of Albania, during the first semiannual of 2015 deposits of individuals increased by 2.8% compared to the same period of a year before. The report also says individuals have bought more treasury bonds, approximately ALL 11.5 billion or 9.7% more than a year ago. Individuals prefer to buy...

The activity of non bank financial institutions has increased
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The activity of non bank financial institutions has increased

A report published by the Bank of Albania shows that the activity of non bank financial institutions increased by 6.3% in annual terms, or by ALL 38.9 billion. This has been affected by the entering in the market of two new financial institutions and the support banks have shown towards such activity by loans. Loans...