TIRANA, Aug 7 /ATA/ The Bank of Albania Governor, Gent Sejko, amid the recent discussions on the situation created in a particular segment of the financial system, that of addressing non-performing loans, the Supervisory Council emphasizes the following.
The Bank of Albania is a constitutional institution mandated by the law with a core mission for the sustainable development of the country: safeguarding price stability and supporting financial stability. The entire policy-making, regulatory and supervisory activity of the institution has been and remains exclusively oriented towards fulfilling this mission.
The Supervisory Council, as the highest decision-making and supervisory body of the Bank of Albania, has exercised its duty with responsibility and in a professional manner.
The Council has always taken decisions in the interest of the public good of the country and the society; it has carefully monitored in accordance with the legal mandate, the implementation of the tasks charged, and has been regularly informed on the reports of the organizational units of the Bank of Albania, including those of banking supervision.
Overall, the Supervisory Council assesses that the activity of the Bank of Albania has been in line with the legal and regulatory framework and has served the accomplishment of its mission in line with the needs of economic development of Albania.
The Bank of Albania and the Supervisory Council are ready for supporting all the necessary legal reforms to consider the issues that have arisen from developments taking place in the market that addresses non-performing loans, as well as to undertake with priority any necessary regulatory initiatives that fall within its mandate and competence.
/a.f/sm/
