PRESS RELEASE
Decisions of the Supervisory Council, 3 March 2021

In the meeting on 3 March 2021, the Supervisory Council of the Bank of Albania reviewed and decided to:

• Approve the Annual Report of the Bank of Albania 2020  

The Annual Report is a legal obligation for the Bank of Albania, and an instrument for its accountability before the Assembly of the Republic of Albania and communication with the financial system, media and the public. It is an important document to transparently inform the Assembly on the decisions of the Supervisory Council and the activity of the Bank of Albania towards fulfilling its institutional, monetary, operational and developmental objectives.  

The report, inter alia, reflects the following:

• Overall macro-economic developments in Albania;
• Monetary and foreign-currency related policy 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 system, statistics, research, communication and financial education;
• Human resources management;
• Internal audit;
• Medium-term objectives of the institution.

Following its presentation in the Assembly of the Republic of Albania, you may find the Annual Report 2020 at: http:/www.bankofalbania.org/.

During today’s meeting, the Supervisory Council analysed and approved the profit allocation of the Bank of Albania for 2020.

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