PRESS RELEASE
Decisions of the Supervisory Council, 23 March 2023

On 23 March 2023, in addition to the decision to increase: the base interest rate to 3.00%; the interest rate for the overnight deposit facility to 2.00%; and the interest rate for the overnight lending facility to 4.00%,  respectively, the Supervisory Council of the Bank of Albania reviewed and decided to:

• Approve the Financial Statements of the Bank of Albania for the year 2022

The financial statements of the Bank of Albania for the year 2022 are prepared in full compliance with the International Financial Reporting Standards (IFRS). These statements are audited by Ernst & Young – Certified Auditors, Branch in Albania, and together with the independent auditor’s report are an integral part of the Annual Report of the Bank of Albania for 2022.

At the end of 2022, the total assets of the Bank of Albania amounted to around ALL 732 billion.

Investments in debt securities and the balances with banks, part of the international reserve of the Bank of Albania, have the highest share in total assets, accounting for around 62% and 12% respectively.

• Approve the Regulation “On the activity and supervision of payment institutions”.

This regulation sets out the requirements of the supervisory authority on the activity and supervision of payment institutions.

It complements the regulatory framework of the Bank of Albania in accordance with the requirements laid down in the Law 55/2020 “On Payment Services”

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