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Bank of Albania

 

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The Bank of Albania was established on 1913 and is the central bank of Albania. The Bank of Albania is the only institution in the Republic of Albania responsible for designing, compiling, approving and implementing the monetary policy. This policy is designed in view of fulfilling the main target of the Bank of Albania: achievement and maintaining of price stability.

 
 

The Bank of Albania, within the competences defined by the Law, is independent of any other power for the accomplishment of its main objective and in exercising the tasks assigned.

The Bank of Albania, with the attribute of the monetary and supervisor authority of the country, enjoys the following functions:

 • It has the exclusive right to issue and circulate the national banknote and currency;
 • It keeps and manages the foreign reserve of the Republic of Albania;

 • It prompts the normal functioning of payment systems;
 • It serves as Bank of banks;
 • i
t compiles, adopts and implements the foreign exchange regime and the exchange rate policy;
 • It licenses or revokes a license on exercising banking activity and supervises the banking activity to ensure the banking system stability;
 • It acts as banker, advisor to, and as fiscal agent, of the government of the Republic of Albania; and
 • It compiles, approves and implements the monetary policy of the country, and employs the appropriate monetary instruments to achieve the monetary policy targets.

In achieving the functions above, the Bank commits itself to providing effective support functions through a sound banking and financial control system, appropriate information system and the development of competent and qualified staff.
 

Bank of Albania HQ Location Map

Bank of Albania
HQ Address: Rruga Dëshmorët e 4 Shkurtit,
Tirana 1010
Albania
Telephone: + 355 4 241 93 01
Facsimile: + 355 4 241 94 08
Website: www.bankofalbania.org
SWIFT Code: STANALTR
Currency: Albanian Lek
Banking Hours:
Monday - Friday 9.00am - 5.00pm
 

 


The Bank of Albania is a fully state owned-bank and is accountable to the People’s Assembly of the Republic of Albania. The Bank of Albania is managed by the Supervisory Council, composed of 9 members, appointed by the People’s Assembly of the Republic of Albania for a term of seven years, eligible for reappointment. The Supervisory Council is headed by the Governor, who serves as General Executive Director as well, in charge of the day-to-day business of the Bank of Albania.
 
 

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