PRESS RELEASE
Governor Sejko: The ceremony organised by Crimson Finance Fund Albania

On 18 May 2022, the Governor of the Bank of Albania, Mr Gent Sejko attended the ceremony organised by Crimson Finance Fund Albania, on the occasion of introducing its latest partner, “Helenos.”

In the opening ceremony -which was attended by the Mayor of Tirana, Mr Erion Veliaj; the Chief of Board, Mr Michael Granoff; and representatives from the financial sector - the Governor of the Bank of Albania, Mr Gent Sejko, held a greeting speech.

At the begging of his speech, Governor Sejko stated that the financial system in Albania has successfully tackled the challenges triggered by the global crises of the pandemic, as well as the shock of the earthquake, which hit the country almost two years ago.

Banks and financial institutions in Albania were able to safeguard their financial stability, as well as continuing to credit the economy and other financial products. In addition to their core functions, banks maintained a steady public confidence.

The Governor expressed his confidence that the Albanian economy and the domestic financial system will continue making the maximum efforts to withstanding the challenges presented by the global economic landscape, due to the Russia - Ukraine war.

In this view, the role of non-bank financial institutions is indispensable and crucial for the economic development of the country. The expansion of the activity of these institutions over the last decade, further confirms the advantages of non-bank financial institutions. In this framework, the role of Crimson Finance Fund Albania has been worthwhile.

The role and contribution of Crimson Finance Fund Albania to support families in need as regards access to finance, as well as attention to social responsibility, is the passport which opens the door of cooperation with highly-reputable important partners. These targeted financing have put on the spot the inclusion of youth and women in entrepreneurship, by simultaneously catalysing their role in the society.

In this light, Mr Sejko emphasised that the inclusion of a new partner, “Helenos,” is a positive element, because it provides a stronger and more diversified support to capital and financing sources, coupled with the financial support to the members of the society’s groups that are toiling to get integrated in the social and financial environment.     

Concluding, Governor Sejko thanked the founders and managers of Crimson Finance Fund Albania for their valuable engagement in building an institution which serves not solely to the economy, clients, and the public at large, but also, as a point of reference to other market entities.