The banking system in the Republic of Albania has a two-tier structure. In the first tier, it is included the Bank of Albania, whereas in the second one banks and branches of foreign banks and non-bank financial subjects licensed by the Bank of Albania.
The Bank's activity is conducted in compliance with the Law "On the Bank of Albania"; the banking system activity is conducted in compliance with Law "On banks in the Republic of Albania".
The Law "On the Bank of Albania" includes provisions providing for the Bank' powers and its activities, legal independence elements of a central bank in attaining its objectives as defined in the law.
The Law "On banks in the Republic of Albania" defines the core principles of banking activity in the Republic of Albania, the main procedures and rules of licensing and supervision in the Albanian banking system.
The legal independence and the main duties of the Bank of Albania are provided for in a separate article of the Constitution.
Here you can download the list of the core banking system legal framework and amendments as approved by the Albanian Parliament, as well as the respective article on the Bank of Albania as specified in the Constitution of the Republic of Albania.
