BANK OF ALBANIA

PRESS RELEASE
Decisions by the Supervisory Council, 5 April 2017

Publication date: 05.04.2017

 

The Supervisory Council of the Bank of Albania met on 5 April 2017. In this meeting, it reviewed and decided to approve:

  • The Financial Stability Statement and the Financial Stability Report, 2016 H2

The Financial Stability Report is an important periodic document prepared by the Bank of Albania, whose main purpose is to identify and assess the risks challenging the financial system and its infrastructure. The Financial Stability Statement, whose half-yearly release is a legal requirement laid down in the Law "On the Bank of Albania", prefaces the Report.

The Bank of Albania considers that, overall, the activity of the banking sector and the financial system has been stable over the second half of 2016.Banking sector's exposure to various risks remains contained and the main financial indicators related to capitalization, liquidity and profitability show its full capacity to withstand operational risks under normal conditions, and show good resilience to stronger shocks.

The full Financial Stability Report will be published in the coming days on Bank of Albania's website: /

  • Amendments to the Regulation 'On the prevention of money laundering and financing of terrorism'

The revised regulation amends the regulatory framework of the supervisory authority, in accordance with the contemporary requirements on the prevention of money laundering and financing of terrorism, laid down in the respective EU directives, as well as the relevant best practices.

The Supervisory Council was also informed on the daily functional and operational activities of the Bank of Albania.