BoA Governor states that banking system in full health

Governor of the Bank of Albania Gent Sejko declared that the banking system in the country enjoys full health and this is an important premise for the full recovery of economic growth.

During his opening speech at the Bank of Albania Annual Conference, Sejko said that the most striking achievement is the reduction of non-performing loans at the lowest levels of the last six years.

This reduction is also helping in a positive lending growth.

However, the Governor stressed that the financial market architecture is not complete.

The lack of a capital market and other related components increases the banking sector’s pressure to fund the economy.

An important development recently is the opening up of a private securities exchange, expected to begin operations this year.

Governor Sejko once again called on the Albanian public to safeguard from stock market investments through unlicensed brokers, urging investors to trust only regulated and supervised entities.

This year’s Bank of Albania Annual Conference addresses the developments in the banking market and financial market infrastructure, and more specifically, the role of structure, size and market infrastructure in mitigating risks.

SCAN

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