Banking Supervision Annual Report 2001
Author: Supervisory Departament
Printed on: 01.01.2002
Production date: 01.01.2002
Material category : Periodic Publications / Banking Supervision Annual Report
The new technological developments, financial innovations and national and
international market liberalization have changed work conditions of the banks. They
have also effected monetary policies and financial sector stability. Banks have also
faced the increased competition from non-bank financial institutions. In many cases the
banks have reacted to these changes by consolidating and expanding the range of
products and services they offer. At the same time, with the consolidation and few
differences between banks and non-bank financial institutions and the functioning of the
Bank of Albania as the lender of last resort has come stability within the banking system