FLASH NEWS
BoA: Financial sector stable in the second half of 2024
2025-04-03 17:40:58 / EKONOMI&SOCIALE
The Supervisory Council of the Bank of Albania today reviewed and approved the Financial Stability Report Statement for the second half of 2024.
The Bank of Albania estimates that in the second half of 2024, the activity of the financial sector developed in a stable manner.
Deposits and loans expanded, despite the dampening effect of the exchange rate appreciation, the capitalization of the activity remained at good levels, while the profit improved significantly. The risks of the activity are assessed at controlled levels and the banking sector as a whole is stable against them. However, the challenges for the banking and financial activity are assessed to be increasing, so the better financial performance should be used by the banks to improve the risk management infrastructure.
According to the BoA, economic developments during the period were positive, influenced by the good performance of consumption and investments, as well as the strong performance of the tourism sector.
Economic growth was accompanied by a decrease in unemployment and an increase in employment and wages. Fiscal policy maintained a consolidation trend during most of the year, in conditions of a significant increase in fiscal revenues. Inflationary pressures declined, so the Bank of Albania eased its monetary policy. Risks to economic and financial developments in the country remain present and are mainly related to the uncertainty and impact of international developments. In these conditions, it remains important that the economic and financial policies of public authorities and the actions of market participants aim to preserve the financial reserves that support the proper functioning of their activities.
The Financial Stability Report is one of the important periodic documents prepared by the Bank of Albania, with the main purpose of identifying and assessing the risks with which the financial system and its infrastructure operate. At the beginning of the document is placed the Financial Stability Statement, the publication of which every six months is a requirement stemming from the Law “On the Bank of Albania”.
In conclusion, the Supervisory Council was also informed of other information on the daily functional and operational activity of the Bank of Albania.
Happening now...
Rama's mockery of EU integration
Nga Namir Lapardhaja
ideas
"Who talks about Lulzim Basha anymore?!"
Nga Sidi Hasanaj
Basha, the surprise of this campaign!
Nga Alban Daci
Two Prime Ministers, two worlds
Nga Lutfi Dervishi
top
Alfa recipes
services
- POLICE129
- STREET POLICE126
- AMBULANCE112
- FIREFIGHTER128