Financial Stability Report - 2020 H2

The Bank of Albania deems that in 2020 H2, operations of the banking sector were stable. Financial intermediation proceeded with good pace; credit quality was maintained at acceptable levels; deposits grew considerably; and other financial stability indicators remained at appropriate levels. The public measures undertaken in the fiscal, monetary and prudential areas helped the performance of lending, mitigated the pandemic shock and helped to control risks. Uncertainties continue to be considerable despite the expectations for a more stable performance while approaching the exit from the pandemic. Banks should remain vigilant particularly in relation to monitoring closely the solvency of their borrowers. As it has previously, the Bank of Albania stands ready to undertake all necessary actions according to the law, in order to support banking activity and contribute to the stability of the financial system.