BANK OF ALBANIA

PRESS RELEASE
Decisions of the Supervisory Council, 23 March 2022

Publication date: 23.03.2022

 

In the meeting on 23 March 2022, the Supervisory Council decided to: increase the key interest rate, at 1.0%; maintain the interest rate for the overnight deposit facility unchanged, at 0.1%; and increase the interest rate for the overnight lending facility, at 1.9%.

In addition to this Decision, the Supervisory Council of the Bank of Albania reviewed and decided to:

  • Approve the Financial Statements of the Bank of Albania for the year 2021

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The financial statements of the Bank of Albania for the year 2021 are prepared in full compliance with the International Financial Reporting Standards (IFRS). These statements are audited by Ernst & Young - Certified Auditors, Albania Branch, and together with the independent auditor's report are integral parts of the Annual Report of the Bank of Albania for 2021.

As at end-2021, the total assets of the Bank of Albania amounted to around ALL 749 billion. Investments in debt securities and the balances with banks, part of the international reserve of the Bank of Albania, have the highest share in total assets, accounting for around 42% and 37% respectively.

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