IMF Staff Country Reports

Albania: Background Information

Publication Date:

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.

Series:

Country Report No. 1995/053

Subject:

Banking Commercial banks Credit Currencies Financial institutions Foreign exchange Loans Money

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.