PRESS RELEASE
​​​​​​​Decisions by the Supervisory Council, 13 January 2021

In the meeting on 13 January 2021, the Supervisory Council of the Bank of Albania reviewed and decided to:

• Approve the Schedule for the meetings of the Supervisory Council

The Supervisory Council assessed its activity in 2020 and approved the schedule of its meetings for 2021.

This schedule will be published on our website www.bankofalbania.org.

• Grant preliminary approval for the ownership by Alpha International Holdings Single Member S.A., Greece, of 100 per cent of the share capital of Alpha Bank, Albania  sh.a.

Based on this decision, the Supervisory Council preliminarily approves the ownership of 100 per cent of the share capital of Alpha Bank, Albania sh.a. by Alpha International Holdings Single Member S.A., Greece.  

Bank of Albania took throughout 2020 a set e measures in response of the situation triggered by Covid-19 pandemic. These measures consisted in regulatory amendments and its decision on credit risk management; the restructuring and previsioning processes of loans; risk management arising from large exposures; and the distribution suspension of their accumulated and financial profit.

In this meeting, it was decided the extension of some measures; as follows:  

1. extension of the effect of paragraph (a) of the Supervisory Council’s Decision, No.33, dated 28.05.2020, on the classification and provisioning of restructured loans, until 31 March 2021. Hence, the restructured loans until 31 March 2021 may maintain the same classification and provisioning with those prior to provisioning;
2. the entry into force of the Decision No.  53, dated 02.09.2020 "Some amendments to the Regulation "On risk management arising from large exposures of banks”, is extended until 1 January 2022;  and
3. suspension of profit distribution for 2020 and 2021 by banks, until 31 December 2021.

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