Topic
Bank of Albania
6 stories
- OpinionStrong lek, lighter pocketsA record-low euro has winners and losers. The problem is that the losers, exporters, tourism and families living on remittances, have no protection at all.
- MarketsEuro falls to 90.74 lek as the Bank of Albania records another all-time lowWednesday's official rate slipped another 3 qindarka from the previous day, while the dollar traded at 80.86 lek.
- BusinessRama meets bankers at the Bank of Albania: 45 branches and 53 ATMs damaged, 85% of Tirana branches operatingGovernor Sejko says deposits are not affected, while the tax authorities count about 90 businesses damaged in the protests, with initial losses of 18 million lek.
- MarketsEuro falls below 91 lek for the first time: official rate 90.77, annual decline reaches 6.2%The European currency lost another 33 qindarka in a single day, while last week's unrest has not boosted demand for foreign currency.
- MarketsBanks ease lending to small businesses but turn down individuals more oftenThe Bank of Albania's survey for July–September shows growing demand for consumer loans and weaker interest in mortgages.
- MarketsBank of Albania after damage to branches and ATMs: deposits are safe, payments are workingThe central bank says attacks on several bank branches during the protests put neither citizens' savings nor financial stability at risk.
