Albania: Background Information

July 20, 1995

Summary

This paper describes a evolution of the financial system in Albania. The paper highlights that a two-tier banking system was created following passage of a new Central Bank Law and Commercial Banking Law in April 1992. The State Bank of Albania became the Bank of Albania and retained only the functions of a central bank. Its commercial operations were hived off to become the National Bank of Albania in July 1992, which was subsequently merged with the Albanian Commercial Bank to form the National Commercial Bank of Albania on January 1, 1993.

Subject: Banking, Commercial banks, Credit, Currencies, Financial institutions, Foreign exchange, Loans, Money

Keywords: book value, Commercial banks, consumer goods, CR, Credit, Currencies, Eastern Europe, excess reserves, exchange rate, flat rate, ISCR, Loans, private sector, retail price, savings bank, state enterprise, U.S. dollar, w National Commercial Bank

Pages:
80
Volume:
1995
DOI:
https://doi.org/10.5089/9781451800593.002
Issue:
053
Series:
Country Report No. 1995/053
Stock No:
1ALBEA0011995
ISBN:
9781451800593
ISSN:
1934-7685

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Notes

This report on background information in Albania was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.

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