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Legal and regulatory base of the Credit Registry

The Law No. 8269, dated 23.12.1997 "On the Bank of Albania" stipulates that "improvement of monetary and lending conditions, in support of the country's economic development and stability" is an important task of the Bank of Albania. From this viewpoint, the establishment of the Credit Registry through centralized processing of information relating to borrowers and credit exposure, particularly to the banking system, improves the lending process, enhancing its efficiency and reducing credit risk the lender is faced with.

The establishment of the Credit Registry and Bank of Albania's powers relating to it are provided in Article 127 of the law No. 9662, dated 18.12.2006 "On Banks in the Republic of Albania".

The operation and management of the Credit Registry is regulated by the following acts:

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