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The Bank of Albania "cleans" the financial market, licenses are revoked and second-tier banks are punished!

2026-07-10 15:33:13Biznes SHKRUAR NGA REDAKSIA VOX

More protection for citizens and less tolerance for violations. These are some of the conclusions highlighted by the Bank of Albania in the 2025 Supervision Report.

On the one hand, more measures were taken last year to reduce the cost of consumer loans, while on the other hand, controls and penalties against financial institutions that do not respect the rules have increased.

For citizens, the most tangible change is related to consumer loans. The Bank of Albania has set stricter limits on the effective interest rate, causing it to fall from around 95% to 62%. This means that a family that takes out a loan to furnish their home, buy an electrical appliance or cover an unexpected expense is expected to pay less in interest and fees.

But, in addition to consumer protection, the report focuses on strengthening supervision. During 2025, the Bank of Albania identified a series of violations.

"The types of problems identified in banks are mainly related to the regulatory framework, vigilance processes, such as: failure to include legal references in the internal regulatory framework, in-depth analysis of high-value transactions that are not related to the subject/client's field of activity, failure to keep records of verifications carried out against lists of beneficial owners, deficiencies in the reporting procedure for physical cash transactions, deficiencies in conducting analysis on the source of funds," said the Bank of Albania.

As a result of the violations found, the Bank of Albania imposed fines on electronic money institutions, suspended the activity of a non-bank entity and revoked the licenses of a savings and loan association, two non-bank entities and a payment institution.

In parallel, during the campaign to control foreign exchange offices, 200 administrative measures were taken for non-reporting, and 83 licenses were revoked.

"The main findings relate to shortcomings in the implementation of appropriate and enhanced vigilance, lack of centralized systems for data collection and analysis, weaknesses in documenting verifications with sanctions lists, lack of training and irregular reporting of foreign exchange transactions to the Bank of Albania," the Bank of Albania said.

The report shows that, in addition to increasing the stability of the banking system, pressure has also increased on financial institutions to respect the rules, with the aim of increasing transparency and citizens' trust in the financial system.


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