Decisions of the Supervisory Council, 15 March 2018

In the meeting of 15 March 2018, the Supervisory Council of the Bank of Albania reviewed and decided to:

• Approve the Annual Report of the Bank of Albania 2017

The Annual Report is a legal obligation of the Bank of Albania, for the accountability in front of the Parliament and the communication with the financial system, the media and the public. It is the most important document, which transparently informs the Parliament on the decisions of the Supervisory Council and the activity of the Bank of Albania in order to fulfil its institutional, monetary, operational and developmental objectives.

The Report, among others, reflects:

• overall macroeconomic developments in Albania;
• monetary and foreign currency-related policies implemented by the Bank of Albania;
• developments in the banking system and potential risks facing financial stability;
• supervisory, licensing and regulatory activities;
• currency issue, payment systems, statistics, research, communication and financial education activities;
• human resources management;
• internal audit activity;
• medium-term objectives of the Bank.

Following its presentation to the Parliament, the Annual Report will be made available in our website www.bankofalbania.org

During today’s meeting, the Supervisory Council reviewed and approved the allocation of Bank of Albania’s profit for 2017, as well as the re-allocation of some Bank of Albania’s reserves.

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