PRESS RELEASE
Decisions of the Supervisory Council of the Bank of Albania, 29 March 2017

At its meeting on 29 March 2017, in addition to the decision to keep the policy rate unchanged at 1.25% and the interest rates on overnight deposit and overnight loan facilities at the Bank of Albania at 0.25% and 2.25 %, respectively, the Supervisory Council of the Bank of Albania reviewed and decided to:

• Approve the financial statements of the Bank of Albania 2016

These statements are audited by KPMG Albania Sh.p.k., and together with the independent auditor's report, they are an integral part of the Annual Report of the Bank of Albania for 2016. This is the second year that the Bank of Albania publishes its financial statements in accordance with the International Financial Reporting Standards (IFRS).

As at end-2016, the total assets of the Bank of Albania amounted to ALL 525 billion, around ALL 30 billion higher than at end-2015. Accounting for 50 per cent, investments in foreign securities, part of the foreign currency reserve of the Bank of Albania, had the highest share in total assets.

• Approve the document on "Code of Practice on Statistics at the Bank of Albania"

This code sets out policies and standards for the collection, compilation and dissemination of the statistical product of the Bank of Albania, with a view to upholding its quality criteria, as a key factor for maintaining public confidence in the statistics of the Bank of Albania.

This code will come to the aid of the users of statistical information, data suppliers and the producers of statistical products. It provides transparency, equality and fairness in the treatment of reporting units (data suppliers) and serves as a guideline for the Bank's employees involved in the development and dissemination of statistics.

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