PRESS RELEASE
European Central Bank agrees to extend the euro liquidity line with Bank of Albania to 31 January 2027

Under the existing repo line agreement in place since 2020, the European Central Bank (ECB) has  agreed to extend the collateralised credit line (REPO) maturity with the Bank of Albania (BoA)  until 31 January 2027, under the same conditions as before. The agreement enables the Bank of Albania to access this liquidity line with an unchanged maximum borrowable amount of €400 million.

Although this liquidity line has not been used so far, the Bank of Albania considers that this back-up instrument remains supportive to the monetary and financial stability of Albania, in view of heightened uncertainties stemming from Russia’s ongoing war in Ukraine, tensions in Middle East, and their potential risks for the global economy and financial markets.

Further information is available on the ECB’s website:

https://www.ecb.europa.eu/mopo/implement/liquidity_lines/html/index.en.html

ECB Blog post by ECB Executive Board members Piero Cipollone, Philip Lane and Isabel Schnabel on euro liquidity lines

https://www.ecb.europa.eu/press/blog/date/2024/html/ecb.blog20240129~cc10e6c0b4.en.html