Education of personal finances

Debt has existed from the medieval times until today. It has taken many forms, being developed in what we know today as loan. This brochure provides information to the public at large on the various kinds of loans and how to apply for it.

The modernization of the banking system provides numerous opportunities for reducing cash in economy. One of them is electronic money. For a clearer view of e-money, the Bank of Albania provides to all cash users basic information on this new form of money, its advantages and disadvantages, and on the various ways of using it.

The International Bank Account Number (IBAN) is an international standard, through which a bank uniquely identifies its customer bank account, for the purpose of facilitating the process of transfers. This leaflet provides information on its structure and usage, given that from January 2010 IBAN will be the only standard of a bank account number for clients.

This brochure intends to help the public at large organize the financial aspect of their everyday life, better manage their personal finances as well as orient them to the most adequate ways of how to increase their savings or earnings.

This brochure is designed for the target group of high school students who are aspiring to attend a university or college. It gives the reader all the useful information that will able them to make “smart” financial decisions when they start their university or college experience. It contains all the general information on some of the most used financial notions and instruments, as well as some basic money management advise.

A number of commercial banks offer various forms of internet banking, also known as online banking or e-banking. The challenge of this industry is to design a new channel for providing banking services, in a user-friendly and reliable way.

The budget may be considered as the first step to achieve your financial goals. It helps you to control your expenses, creating possibilities for raising your savings. To a certain extent, the budget is your financial conscience. It reveals how much you earn and how much you are spending.