PRESS RELEASE
Decisions by the Supervisory Council, 7 February 2024

On 7 February 2024, in addition to the decision to keep unchanged the base interest rate, at 3.25%, as well as the overnight deposit and overnight loan facilities rates at 2.25% and 4.25%, respectively, the Supervisory Council of the Bank of Albania reviewed and decided to:

• Approve the Guideline “On major incident reporting”

The purpose of this guidance aims to define the criteria, limits and methodology to be used by payment service providers for classifying operational or security incidents as major incidents, as well as unifying the reporting template and procedures that payment service providers must implement to notify the Bank of Albania in the event of a major incident.  This guideline is adopted under the provisions laid down in the Law 55/2020 “On payment Services”, which stipulate the obligation of payment service providers on reporting major operational or security incidents.

• Approve the Regulation "On the procedures for the creation and minting of commemorative coins and banknotes which are no legal tender, for numismatic purposes and of commemorative medallions, by the Bank of Albania"

The purpose of this Regulation is to determine the rules and procedures implemented by the Bank of Albania, for the approval of the theme, configuration and printing of lek denominated coins and banknotes no legal tender, commemorative ones for numismatic purposes as well as of commemorative medallions, by the Bank of Albania.

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