Bank of Albania
Bank of Albania urges pension reform amid demographic shifts
As the Albanian government debates a new pension scheme reform, the Bank of Albania has issued a warning regarding the current system. In its opinion on the 2025 budget, the...
Bank of Albania Governor, IMF mission discuss economic and financial developments
The Governor of the Bank of Albania, Gent Sejko, met with the IMF Mission, led by Anke Weber, to discuss Albania’s economic progress and financial stability. This meeting was part...
Bank of Albania lowers interest rates by 0.5% to 2.75%
On November 6th, 2024, the Bank of Albania announced a reduction in the country’s base interest rate in LEK, lowering it by 0.5 percentage points to 2.75%. This decision, made...
Central Bank Governor: Albanian economy grows by 4% in first half of the year
The Governor of the Bank of Albania, Gent Sejko, announced that the country’s economy grew by 4% in the first half of the year. He also noted a 2% decline...
Bank of Albania to circulate new 100 lek coins starting November 15
The Bank of Albania announced that, beginning November 15, new 100 lek coins – approximately 1 Euro – with legal tender status, minted in 2023, will be put into circulation....
Albania’s banking sector invests heavily in cybersecurity to counter growing threats
Albanian commercial banks have made significant investments in recent years to enhance cybersecurity measures, aiming to protect against cyber-attacks and strengthen the security of their data and IT infrastructure. This...
Bank of Albania increases Liquidity Injection in Q2 2024
The Bank of Albania has actively intervened in the market, purchasing €137.60 million and significantly increasing the average liquidity injected into the financial system during the second quarter of 2024....
Bank of Albania strengthens measures for non-banking institutions
The Bank of Albania has announced significant changes to the regulation on “Operational Risk Management,” aimed at tightening oversight of non-banking financial institutions. The central bank is introducing enhanced measures...