Albania: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision and Payment Systems

Volume/Issue: Volume 2005 Issue 274
Publication date: August 2005
ISBN: 9781451800838
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Topics covered in this book

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Banks and Banking , Finance , ISCR , CR , bank , asset ratio , bank exit , capitalized bank , banks in Albania , yield curve , financial system , loan portfolio , banking sector , RB loan growth , Loans , Commercial banks , Credit bureaus , Insurance companies , Central and Eastern Europe , Eastern Europe

Summary

This paper discusses key finding of the Financial System Stability Assessment, including Reports on the Observance of Standards and Codes (ROSC) on the Banking Supervision and Payment Systems in Albania. The assessment reveals that the Albanian financial system is not highly vulnerable to immediate macroeconomic or financial sector shocks. However, accelerating credit growth and increased competition arising from the recent privatization of a dominant (savings) bank may put pressure on the banking system. The financial system is also at an early stage of development.