Annual Report 2015

Year 2015 was full of challenges both for the Albanian economy and the Bank of Albania. The return of inflation to target, fostering economic growth, and improving banking system soundness indicators has required special attention. These challenges became even more difficult due to the unfavorable backdrop in the external economy, structural problems in the Albanian economy, and various shocks facing it throughout the year. However, 2015 resulted in a positive year for the country’s economic development. Economic growth accelerated, main economic and financial soundness indicators improved and the basis for development strengthened. These developments create positive premises for achieving our inflation target in the future and further strengthening financial stability.