BANK OF ALBANIA
PRESS RELEASE
Decisions by the Supervisory Council (in addition to decisions setting interest rates), 16 December 2015
Publication date: 18.12.2015
On 16 December 2015, the Supervisory Council of the Bank of Albania, in addition to the decision to keep the key interest rate unchanged at 1.75%, analysed and decided as follows:
-
Granted the preliminary approval for an additional financial activity by NBG Albania sh.a.
Following the approval, NBG Albania sh.a. may conduct the additional activity of trading transferable securities, for its own or for its clients' account.
-
Granted the preliminary approval for an additional financial activity by Alpha Bank Albania sh.a.
Following the approval, Alpha Bank Albania sh.a. may conduct the additional activity of trading transferable securities, for its own or for its clients' account.
-
Granted the preliminary approval for the merger by absorption of Banka Credins sh.a. with Credins Leasing sh.a, a non-bank financial institution.
Following the approval, Banka Credins sh.a. will continue to finalise the process of the merger by absorption with Credins Leasing sh.a. (the absorbed company) a non-bank financial institution. (the absorbed company).
The Supervisory Council reviewed additional information related to the daily operational and functional activity of the Bank of Albania.