PRESS RELEASE
Bank of Albania agrees with European Central Bank for extending the maturity of the Euro liquidity line until January 15, 2023

Following a positive assessment of a request for extension of the current Euro liquidity line at the amount of 400 million euro, the European Central Bank and Bank of Albania have agreed to extend its maturity until January 15, 2023.

Although this collateralized credit line has not been used so far, Bank of Albania considers that this back-up instrument is necessary out of caution required to address potential impacts of the pandemic and of geopolitical developments, on the domestic financial system.  

More information on this topic can be found in the ECB’s press release.

• ECB’s press release