BANK OF ALBANIA

Decisions of the Supervisory Council, 1 November 2017

Publication date: 01.11.2017

 

On 1 November 2017, in addition to the decision to keep the key interest rate unchanged  at 1.25%, as well as overnight deposit and overnight loan rates at the Bank of Albania at 0.25 and 2.25%, respectively, the Supervisory Council of the Bank of Albania reviewed and decided to:

  • Grant preliminary approval for the ownership by the Bank Intesa Sanpaolo S.p.A., Italy of 100 per cent of the share capital of Veneto Bank sh.a.

Based on this decision, the Supervisory Council preliminarily approves the ownership of 100 per cent of the shares with voting rights of the Veneto Bank sh.a. by the Bank Intesa Sanpaolo S.p.A., Italy.

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