PRESS RELEASE
Bank of Albania and European Central Bank agree to extend the euro liquidity line to January 2024

Under the existing repo line agreement of 2020 and its renewal in 2021, which enables the Bank of Albania with a euro liquidity line amounting to €400 million, the European Central Bank and the Bank of Albania have agreed to extend its maturity until 15 January 2024. 

Although this collateralized credit line has not been used so far, the Bank of Albania considers that this back-up instrument is supportive to the monetary and financial stability of Albania in view of uncertainties in global economy and financial markets stemming from Russia’s ongoing war in Ukraine.

Further information is available at the following press release of the European Central Bank.

 Link: ECB’s press release

 https://www.ecb.europa.eu/press/pr/date/2022/html/ecb.pr221215~6bc5ecf0ff.en.html