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Albania’s central bank clears path for licensing of first digital bank

TIRANA, Dec 4 /ATA/ – The Supervisory Council of the Bank of Albania on Wednesday approved the preliminary licensing of JET Bank, a financial institution aiming to become the country’s first fully digital bank.

Under the decision, the council granted preliminary approval for JET Bank to obtain a banking licence and conduct banking and financial activities in Albania.

JET Bank plans to operate entirely digitally, combining advanced technology with a simplified, secure and customer-focused model. Its stated mission is to introduce a new financial services model that differs from traditional banking structures.

During the meeting, the Supervisory Council also reviewed additional information on the Bank of Albania’s day-to-day operational and functional activities.

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