PRESS RELEASE
Decisions of the Supervisory Council, 4 March 2020

On 4 March 2020, the Supervisory Council of the Bank of Albania reviewed and decided to:

• Approve the Annual Report of the Bank of Albania 2019

The annual report constitutes a legal obligation of the Bank of Albania in view of the accountability to the Parliament and the communication with the financial system, the media and the public.  It is the most important document, which transparently informs the Parliament on the decisions by the Supervisory Council and the activity of the Bank of Albania with a view to fulfilling its institutional, monetary, operational and developmental objectives.

The report, inter alia, reflects:

• overall macroeconomic developments in Albania;
• monetary and foreign currency-related policies 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 activities;
• human resources management;
• internal audit activity;
• medium-term objectives.

Following its presentation to the Parliament of the Republic of Albania, the Annual Report 2019 will be available on our website: http:/www.bankofalbania.org/.

During today’s meeting, the Supervisory Council reviewed and approved the allocation of Bank of Albania’s profit for 2019.

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