PRESS RELEASE
Decisions of the Supervisory Council, 1 March 2017

In its meeting on 1 March 2017, the Supervisory Council of the Bank of Albania reviewed and decided to:

• Approve the Annual Report 2016 of the Bank of Albania

The Annual Report is a legal obligation for the Bank of Albania, and an instrument for the accountability to the Parliament of the Republic of Albania and communication with the financial system, the media and the public. It is the most significant document to transparently inform the Parliament on the decisions of the Supervisory Council and the activity of the Bank of Albania, in view of its institutional, monetary, currency, supervisory, operational and development objectives.

Amongst other things, the Report reflects the following:

• Overall macro-economic developments in Albania;
• Monetary and foreign exchange policies implemented by the Bank of Albania;
• Developments in financial markets and potential risks to financial stability;
• Supervision, licensing and regulation;
• Currency issue, payment system, research, communication and financial education;
• Human resources and asset management;
• Internal audit;
• Realisation of strategic objectives for 2016 and key objectives for 2017.

Upon approval by the Parliament, the Annual Report may be accessed on our website: www.bankofalbania.org

In conclusion, the Supervisory Council was also informed on issues related to the daily functional and operational activities of the Bank of Albania.