Albanian Development Bank is established

Albania has now added another financial institution that will enable the financing of priority sectors of the economy as well as the acceptance of savings from citizens. It is about......

Albania Moves Toward SEPA Integration: Banks Submit Applications to the European Payments Council

The Bank of Albania and the Albanian Association of Banks officially submitted today the application package to the European Payments Council (EPC) for the membership of Albanian banks in the SEPA Credit Transfer scheme (Single Euro Payments Area). This step marks a significant milestone in the integration of Albania’s financial system with European payment infrastructure. According to the official statement from the Bank of Albania, all 11 bank…

Eleven Albanian banks have officially submitted an application to join the Single Euro Payments Area (SEPA). The SEPA system provides for the elimination of additional fees for any transfers between countries that are part of it. As reported by the Albanian portal “Albanian Post”, the application was submitted by the Bank of Albania and the Albanian Banking Association, which sent the request to the European Payments Council (ECP). According to …