PRESS RELEASE
Bank of Albania and European Central Bank agree to extend the euro liquidity line to January 2025

Under the existing repo line agreement in place since 2020, the European Central Bank and the Bank of Albania have agreed to extend its maturity [again] until January 2025. This line enables the Bank of Albania with a euro liquidity line amounting to €400 million.

Although this collateralized credit line (REPO) has not been used so far, the Bank of Albania considers that this back-up instrument remains supportive to the monetary and financial stability of Albania, in view of heightened uncertainties stemming from Russia’s ongoing war in Ukraine, conflict in Middle East, and their potential risks for the global economy and financial markets.

Further information is available on the ECB’s website:

https://www.ecb.europa.eu/mopo/implement/liquidity_lines/html/index.en.html

Article on ECB Blog by 3 ECB members on euro liquidity lines

https://www.ecb.europa.eu/press/blog/date/2024/html/ecb.blog20240129~cc10e6c0b4.en.html