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Legal framework of the banking system

The banking system in the Republic of Albania has a two-tier structure. In the first tier, it is included the Bank of Albania, whereas in the second one banks and branches of foreign banks and non-bank financial subjects licensed by the Bank of Albania.

The Bank's activity is conducted in compliance with the Law "On the Bank of Albania"; the banking system activity is conducted in compliance with Law "On banks in the Republic of Albania".

The Law "On the Bank of Albania" includes provisions providing for the Bank' powers and its activities, legal independence elements of a central bank in attaining its objectives as defined in the law.

The Law "On banks in the Republic of Albania" defines the core principles of banking activity in the Republic of Albania, the main procedures and rules of licensing and supervision in the Albanian banking system.
The legal independence and the main duties of the Bank of Albania are provided for in a separate article of the Constitution.

Here you can download the list of the core banking system legal framework and amendments as approved by the Albanian Parliament, as well as the respective article on the Bank of Albania as specified in the Constitution of the Republic of Albania.


The purpose of this Law is to lay down the rules, criteria and conditions for establishing, licensing, organizing, supervising and liquidating the savings and loan associations (SLAs) and their unions, as well as their supervision in the Republic of Albania. The SLAs are consider...
Aproved by Parlament Entered into force 30.06.2016
This Law amends the Law No.8269, dated 23.12.1997 “On the Bank of Albania”. According to the amendment, in Article 44, paragraph 3, the words "citizen of the Republic of Albania" are repealed....
Aproved by Parlament Entered into force 14.01.2015
The Law ‘On the Payment System” seeks to promote the security, stability and efficiency of the national payment system in Albania including: a) Payment Systems; b) Security Settlement Systems; c) Clearing Houses/settlement agents; d) Payments instruments and the other...
Aproved by Parlament Entered into force 29.05.2013
This law amends Law No 9662, dated 18.12.2006 “On banks in the Republic of Albania”. These amendments refer mainly to approximate the legal, institutional and regulatory framework with that of other central banks, members of the ESCB, in line with the medium-term deve...
Aproved by Parlament Entered into force 24.12.2011
The law aims to modernize the banking legislation in Albania and align it with the community law. It takes into account the obligations of Albania stemming from the Stabilisation and Association Agreement in the area of financial services, in general, and banking services in part...
Aproved by Parlament Entered into force 01.06.2007
The establishment of the Bank of Albania independence begins with the provision in the Constitution of the Republic of Albania of the rights and competences of the Bank of Albania as a constitutional institution. In concrete terms, in article 161 of the Constitution, The Bank of ...
Aproved by Parlament Entered into force 07.12.1998
This law amended a transitory provision in the Law No. 8269, dated 23.12.1997 “On the Bank of Albania” The provision is mainly concerned with mandate of some Supervisory Council members, which were selected and appointed pursuant to Law No. 8230, dated 06.08.1997 “On some amend...
Aproved by Parlament Entered into force 25.08.2002
This is a law through which is added a transitory provision in the Law No. 8269, dated 23.12.1997 “On the Bank of Albania”. The added transitory provision in the Law “On the Bank of Albania” deals mainly with the mandate of some of the members of the Super...
Aproved by Parlament Entered into force 18.08.1998
This is the core law that regulates the organization and function of the Bank of Albania as the country’s central bank. The law stipulates the Bank’s independence, sets its objectives and legal powers. In addition, it specifies that the Bank is independent in attain...
Aproved by Parlament Entered into force 22.01.1998

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