2011 SuperviSion AnnuAl report

Transcription

2011
Supervision Annual Report
Bank of Albania
2011
Bank of Albania
Supervision
Annual Report
1
2011
If you use data of this publication, you are requested to cite the source.
Published by: Bank of Albania,
Sheshi “Avni Rustemi” Nr.24, Tiranë, Shqipëri
Tel.: + 355 4 2419301/2/3; + 355 4 2419409/10/11
Fax: + 355 4 2419408
E-mail: [email protected]
www.bankofalbania.org
Printed in 900 copies
Printed by AdelPRINT Printing House
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Bank of Albania
2011
C
A.
O
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SUPERVISION MISSION
B.
Supervision in 2011; implementing the medium-term development
strategy of banking supervision for 2009-2014
C.
Regulatory framework and licensing process
1.
Regulatory framework
2. Licencing
S
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D. 1. 2. 3. 4. 5. 6. 7. PERFORMANCE AND RISK ANALYSIS OF THE BANKING SYSTEM AND NON-BANK
FINANCIAL INSTITUTIONS
22
Economic environment
22
Banking system highlights
23
Banking system structure 23
Managing banking activity risks 27
Capital adequacy
40
Profitability indicators
44
Non-bank financial institutions and savings and loan associations
45
E. 1. 2.
3. ON-SITE SUPERVISION
On-site examinations
Prevention of money laundering and transparency
Cooperation with other authorities
51
51
55
58
F. CREDIT REGISTRY
1. General information
2. Inclusion of financial institutions conducting financial leasing into the credit registry
60
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Annex 1 Organisational chart of the Supervision Department
Annex 2 Each Bank’s Specific Share in the Banking System Annex 3 Assets and Liabilities Annex 4 Core Financial Indicators Annex 5 Data on banks’ shareholders (as at 31 December 2011)
Annex 6Geographic distribution of branches and banking agencies within the territory of
the Republic of Albania, as at end-2011, by prefectures
Annex 7List of banking supervision regulations in force as at December 2011
Annex 8 Banks and branches of foreign banks licensed by the Bank of Albania
Annex 9 Non-bank financial institutions
Annex 10Unions of savings and credit associations
Annex 11Foreign exchange bureaus
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Bank of Albania
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2011
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C. REGULATORY FRAMEWORK AND LICENSING PROCESS
Table 1 Number of foreign-exchange bureaus licensed in 2011
Table 2 Number of money transfer agents operating for the account of non-bank
financial institutions as at end-2011
Table 3 E-banking products approved by the Bank of Albania (2006-2011)
Table 4 Distribution of e-banking products/services by commercial banks as at end-2011
Table 5 List of entities licensed by the Bank of Albania through the years Table 6 Banking system statistical indicators
Table 7 Activities carried out by non-bank financial institutions Table 8 Bank network expansion in 2011
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D. PERFORMANCE AND RISK ANALYSIS OF THE BANKING SYSTEM AND NON-BANK
Table 9 Total banking system assets and loan portfolio as a share of GDP
Table 10 Key banking system asset items
Table 11 Key banking system liability items
Table 12 Change in off-balance sheet items in 2011
Table 13 H (Herfindahl) index of asset, deposit and loan concentration
Table 14 Quarterly credit growth in 2011
Table 15 Credit by sector and purpose of use (in ALL billions)
Table 16 Structure of outstanding loans by maturity, in %
Table 17 Outstanding loans by currency, in %
Table 18 Foreign currency loans unhedged against exchange rate risk, in %
Table 19 Credit by economy sectors, in %
Table 20 Credit rating as a percentage of outstanding loans
Table 21 Type of collateral by sector and currency, in %
Table 22 Deposits for the three major currencies
Table 23 Up to 1- and 3-month maturity gap for the banking system
Table 24 Loan-to-deposit ratio
Table 25 Banking system’s shareholders’ equity and its components
Table 26 Banking system’s risk-weighted assets
Table 27 Key profitability indicators, in % (cumulative)
Table 28 Indicators of profitability from the main activity, in % (cumulative)
Table 29 Average profitability indicators, in ALL millions
Table 30 Efficiency ratio, in ALL millions
Table 31 Total assets of NBFIs divided by their activity, December 2010-September
2011, in ALL billions Table 32
NBFIs’ loan portfolio on a net and gross basis, December 2010-December
2011, in ALL billions
Table 33Loan quality, December 2010-December 2011
Table 34
Number of SLAs and their members, December 2010-December 2011
Table 35
Total assets of Unions and SLAs, December 2010-December 2011, in ALL billions
Table 36Loan portfolio of Unions and SLAs, on a gross and net basis, December
2010-December 2011, in ALL billions
50
E. ON-SITE SUPERVISION
Table 37 Number of loans reported to the system
Table 38 Number of queries in the Credit Registry from reporting institutions 60
60
F. CREDIT REGISTRY
Table 39 Number of applications for borrower’s report and borrowers’ data review
61
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Bank of Albania
2011
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C. REGULATORY FRAMEWORK AND LICENSING PROCESS
Chart 1
Financial and banking sector structure
Chart 2 Geographical distribution of resident population by prefecture, 2011
Chart 3 Geographical distribution of bank branches and agencies by prefecture, in 2011
Chart 4 Number of bank branches through the years
Chart 5 Foreign exchange bureaus through the years Chart 6 Geographical distributions of foreign exchange bureaus D. PERFORMANCE AND RISK ANALYSIS OF THE BANKING SYSTEM AND NON-BANK
Chart 7 Banking system equity ownership structure, 2011
Chart 8 Monthly credit growth in 2011
Chart 9 Credit outstanding to businesses and households (as a percentage of total
credit outstanding)
Chart 10
Volume of outstanding loans by maturity (in ALL billions), left; and by currency
(in ALL billions), right
Chart 11 Non-performing loan portfolio and outstanding credit growth rate (in %)
Chart 12 Outstanding non-performing loans in the banking system
Chart 13 Loan loss provisions
Chart 14
Business and household non-performing loans
Chart 15 Outstanding non-performing loans by currency Chart 16 Quarterly performance of non-performing loans unhedged against exchange
rate risk to outstanding loans in foreign currency unhedged against exchange
rate risk Chart 17
10, 20, 50 and 100 largest borrowers in the system as a percentage of
outstanding loans in the system (as at 31 December, 2011). Chart 18
Credit volume distribution of ten largest borrowers by credit rating Chart 19 Loans secured by collateral, by type
Chart 20 Total customer deposits
Chart 21 Deposits by remaining maturity
Chart 22Liquid assets, structure of their items and liquidity figures
Chart 23 Liquid assets by currency
Chart 24 Up to 3-month maturity gap by currency and asset-liability gap by maturity
Chart 25 Shareholders’ equity
Chart 26 CAR and its components
Chart 27 Net non-performing loans as a percentage of regulatory capital
Chart 28
Risk-weighted off-balance sheet items
Chart 29 Contribution to total assets of NBFIs
Bank of Albania
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2011
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Bank of Albania
2011
A. SUPERVISION MISSION
The supervisory function of the Bank of Albania, as the central bank of the
country, is carried out pursuant to the Law “On the Bank of Albania”, No.
8269 of 23/12/1997 and the Law “On Banks in the Republic of Albania”,
No. 9662 of 18/12/2006.
The Bank of Albania, in compliance with its legal responsibilities as the
supervisory authority of banks and other financial institutions licensed by the
central bank to carry out financial activity:
•
Aims at ensuring a sound banking activity, by drafting and implementing
policies and an appropriate and flexible regulatory framework, in line
with the country’s development dynamics to safeguard the soundness
of banks and the stability of the banking system and beyond, as well
as to prevent financial crises and protect depositors;
•
Affects the stability of the banking system and beyond, by monitoring
market developments and recommending necessary measures for
supervised entities to adapt to such developments and be constantly
managed according to the best practices;
•
Promotes market discipline, by requiring enhanced transparency about
banking and financial products, and services;
•
Promotes a fair competition among supervised entities and aims at
ensuring equal treatment of licensed entities and their customers,
in compliance with relevant supervisory policies and effective rules.
In this context, it is guided by the principle that the same types of
financial risks and other issues relevant to regulation are subject to the
same rules across all segments of the financial market to reduce the
potential for regulatory arbitrage.
The Bank of Albania fulfils its supervisory function by:
a) Setting up and constantly improving the regulatory and supervisory
framework, so that it is in line with the European directives for effective
supervision, the country’s specifics, and the best practices;
Bank of Albania
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2011
b)Regulating the entry into the market of potential banks, shareholders
and administrators that have a good reputation based on verifiable
and reliable sources of information;
c) Conducting a proactive and effective supervision, by implementing
principles of risk-based supervision through on-site examinations and
off-site supervisory analysis, on an ongoing basis, of licensed entities’
indicators, and through corrective measures necessary to address
supervisory concerns;
d) Cooperating with supervised entities, other domestic financial
institutions, foreign supervisory authorities, and foreign banks operating
in the Republic of Albania through their branches or subsidiaries;
In meeting its supervisory function requirements, the Bank of Albania strives
for the highest level of integrity, professionalism, efficiency, transparency and
constant improvement of its supervisory capacities.
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2011
B. SUPERVISION IN 2011; IMPLEMENTING THE
MEDIUM-TERM DEVELOPMENT STRATEGY OF
BANKING SUPERVISION FOR 2009-2014
Supervision further consolidated its risk-based approach in 2011, pursuant to
the medium-term development strategy of banking supervision. It focused on
addressing important challenges generated from domestic and international
economic developments that posed additional risks to the Albanian banking
system. The euro-area situation continued to exert pressure on both
performance of the financial system and paces of the real-economy growth
in the continent. The country’s economic growth also slowed down, reflecting
these developments, hence impairing the banking activity.
These developments have clearly revealed the necessity for a proactive
approach to banking supervision, so as to increase the banking system’s
resilience to negative impacts generated from the external environment, hence
safeguarding Albania’s financial stability. As a result, a prudential analytical
process examining rigorously the external impacts on our banking system has
helped inform the banking supervision. This process has taken into account a
wide spectrum of variables related to the external environment, including, inter
alia, the performance of the euro-area situation, position of large banking
groups operating in Albania, regulatory and supervisory measures taken by
the European Union authorities and counterparty supervision authorities, as
well as any other relevant developments. All the information has been factored
into likely scenarios on future developments and the prognosis of their effects,
hence contributing to timely focussing of both on-site and off-site supervision
on more critical risks and areas of activity. In this framework, the Bank of
Albania - through its supervisory function in general, and the Supervision
Department in particular, has played a key role in maintaining the banking
system soundness, by introducing and adopting necessary supervisory, legal
and regulatory measures in response to identified risks.
This approach is used to address systemic issues - developments that
transversally affect the whole banking system - and to make a micro-prudential
supervision focusing on specific concerns of individual financial institutions.
With a view to address systemic risks, an amendment was made to the Law
“On Banks in the Republic of Albania”, proposed by the Bank of Albania
and providing the latter with broader competencies to manage systemic
risk situations. Also, the macro-prudential approach to banking system
developments led to several regulatory improvements along the year.
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2011
On the other hand, specific issues of individual banks were addressed, by
prudentially analysing the risk profile of each bank, focusing the supervisory
process on risk areas that have a material impact on the bank’s financial
health. This has led to a more efficient use of resources, hence determining
the nature of on-site examinations conducted over 2011.
Throughout the year, the entire supervisory process laid emphasis on the
promotion and taking of measures for enhancing responsibility, rigorously
managing banking system risks, and observing prudential norms set by the Bank
of Albania. In the light of this, both supervisors and banks focused their efforts on
strengthening credit and liquidity risk management processes, as well as on good
capitalisation to hedge against those risks, as required by the Bank of Albania. A
dialogue with the banking system was an important element in sharing attitudes
about developments and preparing more effective measures in response to them,
thus juxtaposing the supervisory approach versus the market approach. This
dialogue aimed at encouraging banks to take an active role in mitigating and
preventing risks, going beyond mere compliance with the regulatory framework.
This philosophy of supervision is based on key elements of the medium-term
supervision development strategy, further development of human resources,
the methodology and regulatory framework, and close cooperation with
international authorities. The following sections address each element, while
the report provides details on supervision and banking system developments
over 2011, by area of activity and relevant risks.
HUMAN RESOURCES DEVELOPMENT
Human resources development continued in 2011, including hiring new staff
in line with the organisational structure needs and expanding training to the
whole staff, taking care that the adoption of new supervision methodologies
is associated with the building of necessary capacities to use them efficiently
during the supervisory process.
METHODOLOGICAL DEVELOPMENT
The work for a thorough reviewing of examination manuals intensified in
2011, by furthering the adoption of modern supervision concepts based on
relevant European standards, perfecting the relevant risk assessment systems
and properly structuring the criteria of exercising the supervisory competencies
in line with the second pillar of Basel II.
DEVELOPMENT OF THE REGULATORY FRAMEWORK AND APPROXIMATION
WITH EUROPEAN UNION DIRECTIVES
Ongoing approximation of regulations with European standards remains an
important goal to achieve harmonisation with the European experience. In
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2011
this regard, a great attention has been paid to continuing the work for drafting
a new regulation on capital adequacy, a major project having started since
2010. The Bank of Albania has cautiously attended the latest tendencies in
the field of regulation, hence responding to global market developments and
at the same time, starting the work for improving the framework of banks’
responsible management, a fundamental condition to ensure a stable and
sound banking system.
COOPERATION WITH INTERNATIONAL AUTHORITIES
In 2011, the work for implementing the banking supervision development
strategy was associated with an intensive cooperation with the Bank of Italy
under the Twinning Project that had started since end-2010, on the project
areas, which include on-site and off-site supervision, regulation and reporting,
and the information technology. Also, the Bank of Albania continued its close
cooperation with other international institutions, including the International
Monetary Fund and the World Bank, to comprehensively strengthen the
supervisory capacities and to flexibly respond to impacts stemming from recent
global financial market developments. The year 2011 was characterised by
a higher cooperation and coordination of work with the USAID, under its
financial sector development program in Albania, implemented by the FSVC.
The cooperation with this institution is regarded as long-term and extends
until 2015. Also, a detailed analysis of the current staff needs for assistance
has identified a wide range of topics to be addressed according to a detailed
schedule, aiming at expanding their knowledge in view of human capacity
development.
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2011
C. REGULATORY FRAMEWORK AND LICENSING
PROCESS
1. REGULATORY FRAMEWORK
In 2011, the work for finalizing several new regulations and amendments
on banking supervision continued. The process for reviewing the supervisory
regulatory framework took place in line with the Basel Committee standards,
EU directives and best practices in banking regulation and development in the
Albanian banking system.
1.1 NEW REGULATIONS RELEVANT TO BANKING
SUPERVISION
Regulation “On operational risk management” (approved by decision No. 03
of 19/01/2011 of the Bank of Albania Supervisory Council) sets out the rules
and qualitative requirements on operational risk management in the activity
of banks and branches of foreign banks, non-bank financial institutions, as
well as savings and loan associations and their unions. Drafting the new
regulation was out of necessity to handle operational risks, i.e., to manage
this specific risk category present in all operations, and in banking and/or
financial products.
Regulation “On minimum security requirements where banking and financial
activities are conducted” (approved by decision No. 04, dated 19/01/2011
of the Bank of Albania Supervisory Council) is a thorough reviewing of the
previous regulation. It was driven by continuous requests submitted by the
Banker’s Association for easing the detailed technical specifications under the
existing regulation, the problems arising from licensed entities and the so-far
experience in the process of their supervision. The reviewed regulation sets
out the minimum security requirements for institutions licensed by the Bank of
Albania to exercise banking and financial activities, aiming at their smooth
and secure operation.
Regulation “On certified bank auditor” (approved by decision No. 42,
dated 15/06/2011 of the Bank of Albania Supervisory Council), a complete
reviewing of the existing regulation, is aimed at aligning this regulation with
the new requirements of the Law “On Banks” and the Law “On Legal Audit”.
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2011
The reviewed regulation sets out the criteria and procedures for approving a
certified auditor by the Bank of Albania, the audit content for the purposes of
the Bank of Albania, and the relations between certified auditors of banks and
foreign bank branches, and the Bank of Albania.
Regulation “On credit risk management” (approved by decision No. 62,
dated 14/09/2011 of the Bank of Albania Supervisory Council) sets out the
rules for credit risk management in banks and foreign bank branches, the
criteria for risk assessment, loan classification and other assets, as well as the
calculation of respective provisions. The reviewing of this regulation arouse
from the need to review the loan classification criteria so as to simplify them
and focus on those criteria that relate to primary source of liability settlement.
Also, it stipulates credit risk mitigation techniques, providing details on
financial guarantees and collaterals that the supervisory authority will initially
recognise as exposure reduction techniques – an important part of the credit
risk management process.
AMENDMENTS TO THE REGULATORY FRAMEWORK
Amendments to the Regulation “On consumer credit and mortgage to
households” and Regulation “On transparency for banking and financial
products and services” (approved by decision No. 13 and 14, dated
09/03/2011 by the Bank of Albania Supervisory Council) aimed at
strengthening the requirements of the supervisory authority on: a) transparency
about fees and methodology of their calculation; b) keeping the interest rate
calculation methodology unchanged over the loan duration; c) periodic
reporting by institutions on loan and deposit interest rates and applicable
fees for all products and services; and d) their publication by the Bank of
Albania; e) including maximum compensation limits in the event of early loan
repayment, etc;
Amendments to the Regulation “On licensing and activity of banks and
branches of foreign banks in the Republic of Albania” (approved by decision
No. 33, dated 11/05/2011 of the Bank of Albania Supervisory Council),
aimed to include the service of safety boxes as a financial activity that banks
and branches of foreign banks in the Republic of Albania may conduct
conform to stipulations of the Civil Code of the Republic of Albania;
Amendments to the Regulation “On licensing and activity of non-bank
financial institutions” (approved by decision No. 43, dated 15/06/2011 of
the Bank of Albania Supervisory Council) pertain to exempting the banks
and branches of foreign banks from the requirements of this regulation for
approval of money transfer services, when the entities have been licensed for
payment and money transfer services;
Amendments to the Regulation “On capital adequacy ratio” (approved by
decision No. 63, dated 14/09/2011 of the Bank of Albania Supervisory
Council) pertain to stipulating requirements for banks to weight the risk
Bank of Albania
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coefficient to 150 per cent of the loan in the event of lending beyond the
territory of their business and when they lack the presence of a subsidiary,
branch or agency, an activity that carries over potential risks compared to
lending within the territory of the Republic of Albania;
Amendments to the Regulation “On liquidity risk management” (approved by
decision No. 75, dated 26/10/2011 of the Bank of Albania Supervisory Council)
pertain to taking preventive measures against negative impacts from recent
developments in the region on Albania’s banking system and stability, stipulating
prudential requirements for banks, in particular for quantitative indicators;
The decision “On an addition to banking activities” (approved by decision
81, dated 14/12/2011) was repealed on the grounds that it is a bylaw that
has lost its legal basis and actuality, since financial activities that may be
exercised by banks and/or branches of foreign banks are currently stipulated
comprehensively in the Law “On Banks in the Republic of Albania”.
Amendments to the Regulation “On licensing, organisation, activity and
supervision of foreign exchange bureaus” approved by decision No. 82,
dated 14/12/2011 of the Bank of Albania Supervisory Council, pertain to
several corrections and additions to technical conditions and other terms,
which have arisen during on-site examinations over these institutions.
2. LICENCING
2.1 GRANTING A LICENCE, PRELIMINARY APPROVAL
The Law No. 8269, dated 23/12/1997 “On the Bank of Albania”, amended,
the Law No. 9662, dated 18/12/2006 “On Banks in the Republic of Albania”,
amended (hereinafter referred to as the Law on Banks, for simplicity) and
the regulatory framework provide the Bank of Albania with the authority and
responsibility to license and supervise the entities conducting banking and
financial business in the Republic of Albania.
The purpose of licensing as a means of supervision is to conduct a safe and
sound activity of financial and banking entities, with an immediate objective
to prevent any activities that may negatively impact on their functioning in the
system.
Through the licensing and preliminary approval, the Bank of Albania may
control financial operations and transactions of banks and non-bank
financial institutions in accordance with the requirements for an effective legal
framework. The licensing as a means of supervision carries out two functions:
•
•
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Early detection and prevention of decisions and transactions that may
provide a negative impact on future operations of banks and nonbank financial entities; and
Implementation of supervisory measures by licensed entities.
Bank of Albania
2011
As at end-2011, the entities licensed and supervised by the Bank of Albania
are 16 banks, 19 non-bank financial institutions, one representative office
of a foreign bank, 301 foreign-exchange bureaus, 126 savings and loan
associations and two savings and credit unions. The banking sector structure
consists of 13 private-capital banks and three private domestic and foreign
capital banks (as shown by chart 1), while the structure of non-bank financial
institutions consists of five non-bank financial institutions with foreign private
capital, two institutions with foreign and domestic private capital, two institutions
with domestic public capital and ten institutions with private domestic capital.
Foreign-exchange bureaus and savings and loan associations are in private
domestic ownership.
Chart 1 Financial and banking sector structure
BANK OF ALBANIA
Commercial
banks (16)
Foreign
private
capital
(81%)
Foreign
and
domestic
private
capital
(19%)
Non-bank financial
institutions (19)
Domestic private
capital (53%)
Domestic
public
capital (11%)
Foreign private
capital (26%)
Foreign
exchange
bureaus
(301)
Unions of
SLAs (2)
and SLAs
(124)
Representative
office (1)
Domestic
private
capital
(100%)
Foreign and
domestic private
capital (11%)
According to the Law on Banks, the Bank of Albania is the licensing and
supervising authority for banks, non-bank financial institutions, savings-loan
associations and their unions, and foreign exchange bureaus. Pursuant to the
Law “On Banks” and the regulatory framework, the Bank of Albania takes
decisions related, inter alia, to:
•
•
•
•
•
•
Granting or revoking a licence to banks, non-bank financial institutions,
savings and loans associations and their unions, and foreign exchange
bureaus;
Preliminary approval for carrying out additional financial activities not
included in the bank licence annex, by banks and non-bank financial
institutions;
Preliminary approval for transferring the ownership of a qualifying
holding, or the control of a bank/financial institution to a third party;
Preliminary approval for increasing the percentage of a shareholder
with qualifying holding exceeding 20, 33 or 50% of the bank’s capital;
Preliminary approval for managers of banks and non-bank financial
institutions;
Preliminary approval for the expansion of a bank’s network;
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•
•
Preliminary approval for money transfer agents acting for the account
of non-bank financial institutions licensed by the Bank of Albania;
Bank notifications.
In 2011, licensing consisted in granting a new licence to non-bank financial
institutions and to foreign exchange bureaus. Specifically, in 2011, three
associations applied to operate as non-bank financial institutions and
were granted a licence by the Bank of Albania. They are: M-Pay Ltd., and
Omnifactor Ltd., which provide, respectively, money services and money
transfers (M-Pay) and factoring (Omnifactor). As at end-2011, the number
of non-bank financial institutions was 19. In April 2012, a licence to conduct
factoring was granted to “ZIG FACTORING” Ltd., taking the number of nonbank institutions operating in this area to three.
Pursuing the trend observed over the past years, in 2011, banks and non-bank
financial institutions applied for expanding their activity and for providing
new financial and banking products and services. More specifically, during
2011, the Tirana Bank, Credins Bank, Branch of Alpha Bank-Albania, Société
Générale Bank Albania, and AK-INVEST - a non-bank financial institution applied for the Bank of Albania’s consent to carry out financial activities not
included in the licence annex. These activities consist mainly in:
a)Lending (AK-INVEST);
b)Trading for the account of banks or for the account of clients, whether
on a foreign exchange, in an over-the-counter market (OTC), or
otherwise the following:
a. Derivative instruments, included but not limited to futures and options;
b.Transferrable securities;
c. other negotiable instruments and financial assets, including transactions
in gold;
d.Intermediation in monetary transactions for compensating and
managing assets, such as cash or portfolio management, fund
management, custodial, depository and trust services;
e.Provision of guarantees and receipt of commitments.
These activities affect the development of the Albanian financial market,
mainly by trading financial instruments of interest to financial institutions and
their clients. Adding activities to banks and non-bank financial institutions is
aimed at diversifying their products and services, and providing opportunities
to their clients for more savings investment options, other than the conventional
ones. This expanded banking and financial scope enhances competition in
the banking and financial sector by offering more attractive products and
services.
Electronic banking products have been implemented by almost all banks
(14 banks altogether), which have now entered a new phase that consists
in upgrading them technologically and providing a variety of services to
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Bank of Albania
2011
clients. We would mention here the Credins Bank,
which was the first to apply and receive the Bank of
Albania’s consent for using pre-paid cards, thereby
meeting the additional needs of certain customer
segments. Moreover, the market is completed with
electronic banking services.
In 2011, the VisionFund Albania Ltd., - a non-bank
financial institution – submitted an application to
the Bank of Albania for transferring the ownership
of its partner’s qualifying holding to a third party
and the Bank of Albania granted its consent.
The Bank of Albania granted its preliminary approval
for increasing the percentage of the shareholder’s
qualifying holding in the Credins Bank and the
National Commercial Bank, exceeding 20% and
50% of the capital, respectively.
The Bank of Albania granted its preliminary
approval to 61 applications by banks and 4
applications by non-bank financial institutions,
for administrators appointed pursuant to the Law
“On Banks in the Republic of Albania”. Approval
of new administrators was granted for 20 steering
committee members, 7 audit committee members,
3 general directors, 2 deputy general directors,
29 heads of departments/divisions/directories
and 4 directors (managers) of non-bank financial
institutions.
Expansion of the banks’ network within the country
continued in 2011, pursuing the low rates observed
over the past two years. As at end-2011, there
were 528 branches and agencies of foreign banks
operating within the territory of the Republic of
Albania, and one branch operating abroad.
Chart 2 Geographical distribution of resident
population by prefecture, 2011
Resident population by prefecture (October 1, 2011)
Berat
5% Dibra
5%
Vlora
7%
Durrës
9%
Tirana
26%
Elbasan
10%
Shkodra
8%
Fier
11%
Lezha
5% Kuksi
3%
Bank of Albania
Gjirokastra
3%
Source: Bank of Albania.
Chart 3 Geographical distribution of bank
branches and agencies by prefecture, in 2011
Kuksi Dibra
Gjirokastra 2% 2%
4%
Berat
4%
Lezha
5%
Tirana
39%
Vlora
8%
Shkodra
5%
Korça
7%
Elbasan
6%
Durrës
10%
Fier
8%
Chart 4 Number of bank branches
through the years
511
The banking system has responded to rapid
urbanization of cities and their suburban areas and
to the awareness of people to carry out financial
transactions through banking channels, by
providing access to clients through establishment
of bank branches and agencies across the country.
Chart 3 shows that the largest concentration of bank
branches and agencies is in Tirana (40%), which
has also the largest concentration of population
(26.97%) according to the Institute of Statistics
(Chart 2). The data on urban the population show
Korça
8%
524
529
534
2009
2010
2011
399
293
2006
2007
2008
17
2011
that the distribution of bank branches’ network is in
proportion with the geographical distribution of this
population.
Chart 5 Foreign exchange bureaus
through the years
350
95
300
75
250
55
200
150
35
100
15
50
-5
December`11
December`10
December`09
December`08
December`07
No. of FXBs
December`06
December`05
December`04
December`03
December`02
December`01
December'00
December'99
0
Change
Chart 6 Geographical distributions of
foreign exchange bureaus
December 2011
Gjirokastra Berat
2%
Durrës
2%
6%
Vlora
9%
Elbasan
10%
Fier
10%
Korça
7%
Tirana
48%
Lezha
4%
Further development of the Albanian financial
market and the rules applied by the Bank of Albania
to curtail informal economy were accompanied by a
rising number of applications submitted by various
entities for opening foreign exchange bureaus
throughout the country. It is worth mentioning that
the number of applications, compared to the effect
of rapidly increased number of foreign exchange
bureaus licensed over the past years, is lower,
with 19 newly licensed foreign exchange bureaus.
Of the the period 19991-2011, when the foreign
exchange activity has been carried out by entities
licensed by the Bank of Albania, the year 2008 hit
record highs as regards new entries in the foreign
exchange market, with 77 new licences, while the
year 2011 represents a decline in it.
Aiming at further easing the licensing procedure
for a foreign exchange bureau, at end-2011,
several new amendments and alterations were
made to the relevant regulation. They consisted
in both reviewing the documentation to further
reduce it and easing the examination process
of their operational conditions to shorten the
licensing terms. This regulation entered into force
on February 2012.
During 2011, the Bank of Albania granted a
licence to all of the submitted applications. Foreign
exchange bureaus are licensed according to related
criteria and are located and operate across 24
major cities of Albania. In terms of their geographical distribution by district,
they are mostly concentrated in Tirana. Compared with the past years, the
year 2011 highlighted a slight increase (by only 0.1%) in the total number
of foreign exchange bureaus opened in Tirana, as a result of distribution of
foreign exchange bureaus in other districts of the country.
Shkodra
2%
Table 1 Number of Number in 2010
foreign-exchange 284
bureaus licensed in 2011 Sourse: Bank of Albania.
1
New licences
19
Revocations
2
Number in 2011
301
The year 1999 recorded the start of foreign exchange operations by entities licensed by the
Bank of Albania.
18
Bank of Albania
2011
In 2011, two licences for foreign exchange bureaus were revoked at their own
request.
An important part of activity of many foreign exchange bureaus is their
operating as money transfer agents for the account of two financial institutions
licensed by the Bank of Albania, i.e., for AK-INVEST and Financial Union
of Tirana. This process, which started in 2009, pursuant to the requirement
for formalising the money-transfer market by approving agents of non-bank
financial institutions that carry out money transfer operations for their account,
is already complete. Though various entities have submitted their applications
for carrying out this activity, the increase remains modest. As at end-2011, the
number of money transfer agents approved by the Bank of Albania to operate
for the account of non-bank financial institutions (AK-Invest and Financial
Union of Tirana) totalled 246.
Agents operating only for money transfer
Agents operating for both, money transfer and
foreign exchanges
Total
Sourse: Bank of Albania.
AK-INVEST Financial Union of Tirana
14
90
76
66
90
156
In 2011, 14 granted approvals were revoked. The requests for licence
revocation were made by the approved entities, as well as by the Financial Union
of Tirana and AK-Invest. Also, there were neither any licence applications, nor
any licence revocation requests by savings and loan associations. Hence, as at
end-2011, there are 2 unions of savings and loan associations, 124 savings
and loan associations that are members of their unions, and 2 independent
savings and loan associations.
The following structural changes in bank ownership consist in changing the
qualifying holding to bank shareholders’ equity. No approval by the Bank of
Albania is required for such changes; however, the Law on Banks requires
the entities to notify the Bank of Albania of them. More specifically, the Intesa
Sanpaolo Bank Albania and the Credins Bank reported changes in their
shareholders’ equity structure, while the Emporiki Bank-Albania, Union Bank,
National Commercial Bank, Alpha Bank-Albania, Credins Bank, Veneto Bank
and First Investment Bank increased their equity through cash injected by
their shareholders or through capitalization of their past years’ profits. Also,
in 2011, three non-bank financial institutions increased their equity through
cash injected by their shareholders or through capitalization of their past
years’ accumulated profits. More specifically, Tirana Leasing, Besa Fund and
NOA notified of their equity growth.
Cooperation with foreign authorities continued in 2011.The licensing office
continued communicating with relevant authorities from other central banks
on the reputation of foreign administrators proposed by banks. Also, regular
contacts were kept and reciprocal information was shared with domestic
authorities.
Bank of Albania
19
Table 2 Number of money
transfer agents operating
for the account of nonbank financial institutions
as at end-2011
2011
2.2 ACCOMPANYING TABLES FOR LICENCING
Table 3 E-banking
products approved by the
Bank of Albania (20062011)
Electronic products
Debit Cards
Credit Cards
Maestro (Debit) Cards
Master (Credit) Cards
Visa (Debit) Cards
Visa (Credit) Cards
MultiCash
ATM
POS
Internet Banking
Phone Banking
Mobile Banking / SMS Banking
Prepaid Cards
2006
6
5
1
1
6
1
2
-
2007
4
3
4
2
2
-
2008
2
1
1
1
2
2
3
1
1
1
2009
2
1
1
2
1
1
2
1
2
1
1
2010
1
2
1
1
2011
1
1
Total
14
11
3
3
1
1
1
14
6
11
1
4
4
Table 4 Distribution of e-banking products/services by commercial banks as at end2011
BANKS
ATM POS
RAIFFEISEN BANK ALBANIA SH.A
NATIONAL COMMERCIAL BANK SH.A.
TIRANA BANK SH.A.
NATIONAL BANK OF GREECE-ALBANIA BRANCH
ALPHA BANK-ALBANIA
PROCREDIT BANK SH.A.
FIRST INVESTMENT BANK, ALBANIA SH.A.
CREDINS BANK SH.A.
UNION BANK SH.A.
Société Générale Albania (former Banka Popullore)
INTESA SANPAOLO BANK ALBANIA SH.A
ITALIAN DEVELOPMENT BANK SH.A
INTERNATIONAL COMMERCIAL BANK
EMPORIKI BANK
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
Internet
Phone Mobile/SMS
Electronic (Debit,
Banking Banking
Banking Credit, Prepaid) Cards
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
√
Table 5 List of entities licensed by the Bank of Albania through the years
No.
1
2
3
4
5
Entities
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Banks and branches of foreign banks
14
15
16
17
17
16
16
16
16
16
Non-bank financial institutions
5
7
7
7
6
6
7
13
17
19
Foreign exchange bureaus
58
58
54
58
60 112 189 221 284 301
Savings and loan associations
113 131 130 131 125 130 133 135 126 126
Unions of savings and loan associations
2
2
2
2
2
2
2
2
2
2
The expanded network of bank branches and agencies and the increased
number of their employees has led to significantly improved access to and
use of banking services, as well as to improved quality of their provision.
However, the average number of people per bank, banking unit and bank
employee was downward due to a higher number of bank branches, agencies
and employees in 2011 (Table 6).
20
Bank of Albania
2011
Table 6 Banking system statistical indicators
Number of banks
Number of employees
Number of branches/agencies inside the country
Average number of employees per:
- Bank
- Banking unit
Number of population (000)
Number of population per:
- Bank
- Banking unit
- Bank employee
2005
2006
2007
2008
2009
17
17
16
16
16
3,479
4,189
5,155
6,493
6,404
250
294
399
511
524
205
246
322
406
400
14
14
13
13
12
3,149
3,152
3,170 3,193.9
3,195
185,235 185,424 197,013 199,619 199,688
12,596 10,722
7,945
6,250
6,097
905
752
615
492
499
2010
2011
16
16
6384
6714
529
534
399
420
12
13
N/A 2,831.7
N/A 176,984
N/A
5,303
N/A
422
Table 7 Activities carried out by non-bank financial institutions
Payment service
Financial Union of
Tirana
Albanian Post Office
Credins Leasing
Leasing
Ak-Invest
Tirana Leasing
Credins Leasing
Fin-Al
Raiffeisen Leasing
NOA (former
Landeslease
Opportunity Albania)
EASYPAY (former ISCS) Sogelease
M-PAY
Lending
Microcredit
VisionFund
Credins Leasing
Albania
NOA (former Opportunity Albania) Capital Invest
Besa Fund
First Albanian Financial
Development Company - FAF
Factoring
Albanian Factoring
Services (AFS)
Omnifactor
Transit
Ak-Invest
Table 8 Bank network expansion in 2011
No. Banks
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Raiffeisen Bank
National Commercial Bank
United Bank of Albania
Veneto Banka
Tirana Bank
National Bank of Greece – Albania branch
International Commercial Bank
Alpha Bank - Albania
Intesa Sanpaolo Bank Albania
ProCredit Bank
Emporiki Bank
Credit Bank of Albania
Credins Bank
Société Générale Albania (former Banka Popullore)
Union Bank
First Investment Bank
TOTAL
Bank of Albania
No. of branches
in the country
103
53
4
9
52
5
9
46
17
24
13
1
34
44
15
5
434
No. of No. of branches No. of branches
agencies outside Albania
and agencies
103
4
1
58
2
6
9
4
56
22
27
9
46
14
31
17
41
11
24
2
3
6
40
44
14
29
4
9
100
1
535
21
2011
D. PERFORMANCE AND RISK ANALYSIS OF THE
BANKING SYSTEM AND NON-BANK FINANCIAL
INSTITUTIONS
1. ECONOMIC ENVIRONMENT
During 2011, the country’s economy was characterized by a positive but slow
growth, slightly stimulating fiscal policy, relatively stable exchange rate, lower
risk premium and weak demand-generated inflationary pressures. Despite
the positive economic growth rate, the Albanian economy remained below
its potential; the average annual inflation fluctuated around the Bank of
Albania’s target and the main macroeconomic balances fluctuated around
the previous year’s levels.
Global economic growth slowed down in 2011. The European public debt
crisis and its impact on the overall climate of confidence among investors and
in the financial markets contributed significantly to the slowdown. Economic
weakening in industrialized countries conditioned the overall global economic
performance by affecting the external demand of the developing countries,
whose exports are an important driver of growth.
Albanian economy expanded by 3.1% in 2011. It continued to be supported
by external demand, albeit to a small extent, reflecting the global economic
slowdown. Domestic demand was sluggish and was formed mainly from the
fiscal sector’s contribution in the first half of the year. The economic growth
structure was balanced due to impact from production and services sectors.
Private sector credit continued to support the economic growth. A better
liquidity situation, improved health of bank balance sheets and downward
trend of borrowing costs have favoured the growth of credit to the economy
along the year. Credit to the economy increased in both segments - business
loans and household loans. However, the demand for loans remained weak
due to slowing economic activity, the uncertainty surrounding the economic
outlook and the banks’ reluctance to lend.
The Bank of Albania moved the key interest rate three times in 2011, to 4.75%.
Of these moves, it increased in March, and was lowered in September and
November. Subsequently, the interbank borrowing rates reflected these moves.
Hence, the average interbank rate performed in line with the monetary policy
signal. Overall, the national-currency borrowing cost followed a downward
trajectory, with a tendency to increase lending in the national currency.
22
Bank of Albania
2011
However, on a year earlier, demand for financing and deposit interest rates
resulted lower but attractive for collecting lek and foreign currency savings.
2. BANKING SYSTEM HIGHLIGHTS
The year 2011 was characterised by fairly positive developments in lending. The
banking system continued lending to domestic economy, with a significantly
higher pace of loan portfolio growth than in the previous year.
Though credit risk in the system appears higher against the background of
increased non-performing loans, the maintaining of a good level of bank
capital adequacy ratio signifies that the overall risk level remains in check.
This indicator exceeded significantly the 12% regulatory minimum threshold.
Banks’ capitalisation was supported by their capital injections in response
to increased non-performing loans, hence leading to a decreased banking
system profit.
Banking system highlights in 2011
1. Total outstanding credit of the banking system increased by 15.3%, significantly higher on a year earlier (9.1% in 2010);
2. Gross non-performing loans to gross loan portfolio deteriorated to
18.77% in 2011, from 13.96% in 2010;
3.Loan loss provisioning remained at a good level, reflecting almost the
same pace of increase as in non-performing loans, recording 51.8%
in 2011, from 52.7% in 2010;
4. Capital adequacy ratio is above the 12% regulatory minimum
threshold, almost similar to the previous year’s figure, slightly up, to
15.6%, from 15.4% as at end-2010;
5.The banking system net profit is positive, to ALL 706.3 million,
though lower on a year earlier due to increased expenses and loan
provisions and decreased income from other operations;
6. RoAA and RoAE – profitability indicators – remained positive, to 0.07
and 0.76%, respectively, though slightly downward on a year earlier
due to decreased net profit.
3. BANKING SYSTEM STRUCTURE
3.1 EQUITY OWNERSHIP STRUCTURE
Banking system’s paid-in capital increased by ALL 12.5 billion in 2011,
or 16.8% from 2010. Foreign capital continued to provide the major
contribution, accounting for 94.7% of the system’s growth. Foreign capital
increased by ALL 11.9 billion, or 17.2%, while Albanian capital increased
by ALL 670 million, or 12% from 2010. As a result, the share of foreign
Bank of Albania
23
2011
capital in the Albanian banking system increased
by 92.8%, from 92.5% as at December 2010.
Chart 7 Banking system equity ownership
structure, 2011
100%
Foreign capital originating from the European
Union continues to hold the highest share in the
banking system’s equity structure. In 2011, it
increased to 76%, from 74.9% as at end-2010.
90%
80%
70%
60%
50%
40%
30%
3.2 NUMBER OF BANK BRANCHES
20%
10%
2011
2010
2009
2008
Domestic public capital
EU
2007
2006
2005
2004
2003
2002
2001
2000
0%
Domestic private capital
Other
USA
In 2011, similar to the previous two years, the
network of branches and agencies operating in the
country expanded at low rates. Hence, the number
of branches and agencies operating in the country
reached 534, from 529 as at end-2010, while one
branch conducts its activity outside the territory of
the Republic of Albania.
3.3 ASSET AND LIABILITY STRUCTURE
3.3.1 Asset and liability structure
Total banking system assets increased by ALL 129.5 billion in 2011, or
13.1%, exceeding the previous year’s pace of increase (which was ALL 104.3
billion, or 11.8% in 2010). The loan portfolio increased significantly from the
previous year, up by ALL 75.3 billion or 15.3%, from up by ALL 40.9 billion
or 9.1% in 2010.
The degree of banking system intermediation in the economy and the
contribution of lending continued to pick up in line with the recent years’
trend, reflected in a higher share of total assets and loans to Gross Domestic
Product. As at end-2011, they were 84.6% and 42.8%, respectively, from
81.0% and 40.1% in the previous year.
Table 9 Total banking system assets and loan portfolio as a share of GDP
Indicators
Total assets (in ALL billions)
Total assets/GDP, %
Total loans/GDP, %
2003
2004
2005
2006
2007
2008
2009
373.6
426.4
496.6
624.3
742.9
834.1
886.3
0.538
0.568
0.609
0.708
0.768
0.767
0.775
0.073
0.093
0.157
0.224
0.302
0.365
0.393
*The ratio to GDP is based on preliminary estimates for GDP in 2011.
2010
990.6
0.81
0.401
2011
1,120.2
0.8
0.4
Highlights of the banking system asset structure in 2011, compared to 2010:
•
24
Increase in treasury and interbank transactions by ALL 37.1 billion or
12.5%, mainly due to substantial increase in transactions with other
banks, credit institutions and other financial institutions by ALL 25.7
billion or 27.9%, and also with the Central Bank by ALL 9 billion or
Bank of Albania
2011
•
•
11%;
Increase in lending by ALL 75.3 billion, or 15.3%;
Increase in security transactions (other than the Albanian Government
treasury bills) by ALL 33.5 billion or 15.9%, mainly due to increased
investments in fixed-income securities by ALL 28.6 billion or 13.8%.
Table 10 Key banking system asset items
Dec’08 Dec’09 Dec’10 Dec’11
Indicators
Sum* Share**
Sum* Share**
1. Treasury and
251.4
30.1 254.3
interbank transactions
Of which:
- Transactions with the
69.2
8.3
69
Central Bank
- T-bills
107
12.8 106.3
- Transactions with other
55.4
6.6
58
banks
2. Transactions with
394.1
47.2
446
customers (gross)
3. Security transactions
166.7
20 177.7
4. Other assets
8.4
1
8.2
5. Fixed assets
15.2
1.8
14.7
Total assets
834.1
100 886.3
*in ALL billions, **in percentage, ***in percentage
28.7
Change
***
Sum* Share**
1.2 296.2
Change
***
Sum* Share**
Change
***
29.9
16.5
333.2
29.7
12.5
7.8
-0.4
82.2
8.3
19.2
91.2
8.1
11.0
12
-0.7
103
10.4
-3.1
104.6
9.3
1.6
6.5
4.8
91.9
9.3
58.5
117.6
10.5
28.0
50.3
13.2 486.5
49.1
9.1
561.7
50.1
15.5
20.1
0.9
1.7
100
6.6 210.7
-3.5
9.1
-3.2 13.8
6.3 990.6
21.3
0.9
1.4
100
18.5 244.2
11.7
13.8
-5.8
13.9
11.8 1120.2
21.8
1.2
1.2
100.0
15.9
51.6
0.5
13.1
Highlights of the banking system liability structure in 2011, compared to
2010:
•
•
•
Increase in treasury and interbank transactions by ALL 10.9 billion,
or 17.8%, mainly due to substantially increase in T-bills and other
eligible bills by ALL 12.4 billion or 95.6%, increase in deposits from
banks and financial institutions by ALL 3 billion or 22.2%, and decline
in received loans by ALL 6.1 billion or 20.2%;
Operations with customers increased by ALL 106.2 billion or 13.2%,
mainly due to increase in transactions with the private sector by ALL
107.6 billion or 13.5%;
Increase in permanent resources by ALL 8.6 billion or 8.2%.
Table 11 Key banking system liability items
Indicators
Dec’08 Dec’09 Dec’10 Dec’11
Share Change
Share
Sum*
Sum*
**
***
**
1.Treasury and
98.8
11.8
89.9
interbank transactions
2.Operations with
633.8
76 683.8
customers (gross)
3.Other liabilities
9.48
1.1
5.7
4.Permanent resources
80.4
9.6
96
Total liabilities
834.1
100 886.3
*in ALL billions, **in percentage, ***in percentage
Bank of Albania
Sum*
Share Change
**
***
Sum*
Share Change
**
***
10.1
-8.9
61.2
6.2
-31.9
72.1
6.4
17.9
77.2
7.9
805
81.3
17.7
911.2
81.3
13.2
-40.3
7.5
19.5 104.8
6.3 990.6
0.8
10.6
100
32.9
10.2
0.9
9.1 113.4 10.1
11.8 1120.2 100.0
35.5
8.2
13.1
0.6
10.8
100
25
2011
In 2011, off-balance sheet items increased their share in total assets, to 103%,
from 89.7% as at end-2010. It was due to a higher increase in off-balance
sheet items (29.8%) than in total assets (13.1%).
As shown in Table 12, the main off-balance sheet items increased in 2011,
while financing commitments declined.
Commitments received make up the largest share in off-balance sheet
items, accounting for 90.3%, while commitments given and foreign currency
transactions account for 6.6% and 3%, respectively, of the total. Commitments
received in the form of guarantees in favour of customers continue to maintain
a dominant share in off-balance sheet items, about 85.8%.
Table 12 Change in offbalance sheet items, in
2011
Change
TOTAL
Commitments given
of which:
- Financing commitments
- Guarantees
- Security commitments
Commitments received
of which:
- Financing commitments
- Guarantees
Foreign currency transactions
Other commitments
Commitments for financial instruments
In ALL billion
264.8
12.1
(1.5)
10.3
9.3
244.7
13.2
228.2
6.7
0.2
1.1
In %
29.8
19.0
(5.2)
41.8
253.8
30.7
64.0
29.8
23.8
101.2
1,313.3
3.3.2 Concentration
Concentration indicators, measured through the Herfindahl index for total
assets, deposits, and loans, remained stable in 2011, almost similar to the
levels seen over the past five year.
Table 13 H (Herfindahl)
index of asset, deposit
and loan concentration
Indicator
2004
H Index (assets)
0.27
H Index (deposits)
0.31
H Index (loans)
0.11
26
2005
0.21
0.24
0.1
2006
0.18
0.2
0.11
2007
0.15
0.17
0.12
2008
0.15
0.17
0.11
2009
0.14
0.16
0.11
2010
0.14
0.15
0.11
2011
0.15
0.16
0.12
Bank of Albania
2011
4. MANAGING BANKING ACTIVITY RISKS
4.1 CREDIT RISK
4.1.1 Lending
Total credit increased by ALL 75.3 billion, or about 15.3% in 20112. The
highest growth of outstanding credit was recorded in the fourth quarter by ALL
23.6 billion, followed by ALL 19.1 in the third quarter and ALL 18.8 billion in
the second quarter.
Quarterly credit growth
In ALL millions
In %
Q1
13,780.22
2.8
Q2
18,781.45
3.7
Monthly credit growth was volatile, growing by an
average of 1.2%. In monthly terms, credit posted
the highest growth in December 2011 by 2.5%,
followed by about 2.1% in September 2011. By
contrast, January 2011 was the month with the
lowest credit growth by 0.1%.
Table 14 Quarterly credit
growth in 2011
Q4
23,610.38
4.4
Chart 8 Monthly credit growth in 2011
2.50%
2.00%
1.50%
0.01
1.00%
0.50%
0.00%
December`11
November`11
October`11
Credit to residents increased on a year earlier, by ALL 49.8 billion (11%).
The data do not include residents.
Bank of Albania
September`11
In 2011, public sector’s credit outstanding growth peaked in the second
quarter by ALL 3.2 billion or 25.9%, followed by the fourth quarter by ALL 2.9
billion or 16.5%, and fell slightly by ALL 0.6 billion or 5% in the first quarter. In
3
August`11
Monthly credit performance
Monthly average growth
The loan portfolio by currency and borrower3 highlights that in 2011, about
69.7% of business loans were in foreign currency, down by 3.2 percentage
points from 2010. Euro-denominated loans accounted for about 86.7%, while
USD-denominated loans accounted for 13.2% of the foreign currency loan
portfolio. The share of foreign currency household loans in total household
loans was 56.6% (from 58.2% in 2010). Euro and USD-denominated loans
account for 96.6% and 2.8%, respectively, of total foreign currency loans.
2
July`11
June`11
May`11
April`11
March`11
February`11
-0.50%
January`11
The analysis of the loan portfolio by type of
borrower shows that the private sector remains the
segment with the largest share of the loan portfolio,
accounting for 70.1% in 2011, from 67.3% in
2010. As at December 2011, household loans
accounted for a smaller share of the loan portfolio,
26.3%, or 3.8 percentage points less than in 2010.
During December 2010-December 2011, lending
to private sector and to households increased by
20.3 and 0.8%, respectively.
Q3
19,175.42
3.7
27
2011
absolute terms, as at end-2011, the public sector’s
loan portfolio posted ALL 20.2 billion, from ALL
12.9 billion as at end-2010, hence accounting
for 3.6% of the loan portfolio, from 2.6% as at
December 2010.
Chart 9 Credit outstanding to
businesses and households (as a
percentage of total credit outstanding)
December`11
September`11
June`11
Credit to businesses (left)
March`11
0.25
December`10
0.6
September`10
0.27
June`10
0.62
March`10
0.29
December`09
0.64
September`09
0.31
June`09
0.66
March`09
0.33
December`08
0.68
September`08
0.35
June`08
0.7
March`08
0.37
December`07
0.72
The analysis of loans by borrower and by purpose
of use shows that business overdrafts have the
largest share, followed by business loans for
equipment purchase investments and household
loans for real estate investments. Working capital
loans to businesses recorded the highest increase
in 2011, followed by real estate investment loans to
businesses and household loans for consumption
of durable goods.
Credit to households (right)
Table 15 Credit by sector and purpose of use (in ALL billions)
DESCRIPTION
December’10
Share in %
December’11
Share in %
Change, in % December
2010 – December 2011
13.0
18.8
14.1
29.1
14.3
23.1
(0.4)
13.5
10.2
14.4
(0.3)
(34.6)
Total credit
472.6
100
534.1
100
Business loans
330.4
69.9
392.5
73.5
Overdrafts
108.3
22.9
123.6
23.1
Working capital
55
11.6
71.0
13.3
Purchase of equipment and machinery
88
18.6
100.6
18.8
Real estate investments
79.1
16.7
97.3
18.2
Household loans
142.2
30.1
141.6
26.5
Overdrafts
6.3
1.3
7.2
1.3
Consumption of non-durable goods
16.2
3.4
17.9
3.3
Consumption of durable goods
8
1.7
9.2
1.7
Real estate loans
100.2
21.2
99.9
18.7
Operational activity
11.6
2.5
7.6
1.4
Note: The above data refer only to resident customers and exclude accrued interest.
Credit structure by maturity remained almost similar to that of 2010, shifting
slightly from long-term loans to short-term ones. As at end-2011, long-term
loans accounted for the largest share. They were followed by short-term and
medium-term loans.
Table 16 Structure of outstanding loans by maturity, in %
Maturity
Short-term
Mid-term
Long-term
December’07 December’08 December’09 December’10 March’11 June’11 September’11 December’11
31.3
33.4
33.4
32.4
33.0
33.0
34.1
33.6
25.1
20
19.8
20.7
20.2
20.4
20.2
20.8
43.6
46.6
46.8
46.9
46.8
46.6
45.7
45.6
In 2011, the loan portfolio by currency evidenced growth in foreign
currency-denominated lending, peaking at 3.8% in the third quarter, while
28
Bank of Albania
2011
the national currency-denominated lending peaked in the fourth quarter of
the year.
Table 17 Outstanding loans by currency, in %
By currency December’07 December’08 December’09 December’10 March’11 June’11 September’11 December’11
Lek
27.5
27.4
29.8
30.2
30.6
31.3
31.2
32.1
Foreign
72.5
72.6
70.2
69.8
69.4
68.7
68.8
67.9
currency
The loan portfolio structure by currency continued to be dominated by foreign
currency-denominated loans, albeit at a downward share compared to the
previous year, indicating a slight shift to national currency-denominated loans.
Chart 10 Volume of outstanding loans by maturity (in ALL billions), left;
and by currency (in ALL billions), right
270
400
240
350
210
300
180
250
150
200
120
150
90
December`11
June`11
December`10
June`10
December`09
June`09
December`08
June`08
December`07
June`07
December`06
June`06
December`05
June`05
December`04
December`11
Short-term loans
June`11
December`10
June`10
December`09
June`09
December`08
Long-term loans
Mid-term loans
June`08
December`07
June`07
December`06
June`06
0
December`05
50
0
June`05
100
30
December`04
60
FX outstanding loans
ALL outstanding loans
Foreign currency loans unhedged against exchange rate risk 4 increased by
7.4 percentage points in the first quarter of 2011. By contrast, this indicator fell
by 3.2 percentage points in the second quarter and by 4 percentage points in
the third quarter, hence accounting for 51.2% at the end of the third quarter,
almost similar to end-2010’s figure. It increased by 4.7 percentage points
in the fourth quarter compared to the third quarter, and by 4.9 percentage
points compared to 2010.
Table 18 Foreign currency loans unhedged against exchange rate risk, in %
Q4`08 Q4`09 Q1`10 Q2`10 Q3`10 Q4`10 Q1`11 Q2`11 Q3`11 Q4`11
Foreign currency loans unhedged
52.4
55.2
54.0
54.0
54.2
51.0
58.4
55.2
51.2
55.9
against exchange rate risk
4
The definition of loans unhedged against exchange rate risk is provided in the Bank of Albania’s
Regulation No. 62, dated 14/09/2011 “On credit risk management”, Article 4, paragraph 2,
letter c.
Bank of Albania
29
2011
As at end-2011, the loan portfolio structure by economy sectors (referring only
to resident customers) did not undergo any significant changes compared to
the previous year. Trade, repair of vehicles and household appliances had
the largest concentration of loans, followed by the construction sector and the
processing industry. In absolute terms, ‘trade, repair of vehicles and household
appliances’, ‘production and distribution of electricity, gas and water’, and
‘processing industry’ are the economy sectors with the largest annual growth.
In terms of the system-wide share and loan quality by economy sectors, it
appears that construction sector holds the highest level of NPLs, followed by
processing industry, trade, repair of vehicles and household appliances.
Table 19 Credit by economy sectors, in %
Description
Businesses
Agriculture, hunting and forestry
Fishery
Extractive industry
Processing industry
Production and distribution of electricity,
gas and water
Construction
Trade, repair of vehicles and household
appliances
Hotels and restaurants
Transport, storage and
telecommunication
Monetary and financial intermediation
Real estate, renting
Public administration
Education
Health and social activities
Collective, social and individual services
Other
5.0
6.9
57.3
7.8
10.7
113.8
13.9
13.3
7.7
19.8
29.6
61.5
24.1
24.5
14.7
13.8
21.3
76.6
3.0
3.0
12.5
22.7
45.3
124.5
2.3
2.3
14.1
23.0
15.2
-24.6
2.2
0.5
0.2
0.8
1.0
2.6
1.8
2.1
0.5
0.3
0.8
0.9
3.1
2.4
7.3
9.6
108.3
22.0
-2.5
38.7
45.5
0.2
31.0
53.0
12.1
21.1
12.2
3.9
1.0
35.5
20.5
3.9
27.0
8.7
11.8
468.9
25.4
-19.5
-60.6
25.1
-1.2
335.1
30.1
26.5
-0.4
11.8
15.7
32.2
100.0
100.0
13.0
14.1
19.5
Note: The above data refer only to resident borrowers and exclude accrued interests.
55.5
Households
Total
December December Change
NPLs/Credit
NPLs/Credit Change
’10
’11
in % outstanding Dec’10 outstanding Dec’11
in %
69.9
73.5
18.8
15.1
20.8
63.4
0.8
1.0
40.3
23.4
13.6
-18.6
0.2
0.2
14.7
18.9
6.9
-58.4
1.4
1.2
-2.4
13.7
12.9
-8.2
10.0
10.8
22.6
15.2
21.3
71.9
4.1.2 Asset Quality
During 2011, non-performing loans increased by about ALL 37.73 billion.
The growth rate of non-performing loans was higher than the growth rate
of the banking system’s outstanding credit. Consequently, the ratio of nonperforming loans to the banking system’s outstanding credit increased by
about 4.8 percentage points to about 18.77%.
30
Bank of Albania
2011
Chart 11 Non-performing loan portfolio and
outstanding credit growth rate (in %)
Chart 12 Outstanding non-performing loans
in the banking system
0.8
0.7
120,000
0.69
100,000
0.6
0.15
80,000
0.5
0.4
60,000
0.3
40,000
0.20
0.2
0.20
0.17 0.16
0.10
0.14
0.1
0.1
0.05
0.12
0.07
0.14
0.08
0.07
0.05
20,000
December'11
June'11
December'10
June'10
December'09
June'09
December' 08
June'08
December'07
June'07
December'06
June'06
December'11
September'11
June'11
March' 11
December'10
September'10
June'10
March' 10
December'09
September'09
June'09
March' 09
December'05
December' 08
0
0.2
0
Outstanding non-performing loans (in million ALL, left)
Non-performing loans/Outstanding loans (right)
Non-performing loan growth rate
Outstanding credit growth rate
As at end-2011, the ratio of non-performing loans to outstanding loans (net5)
was estimated at about 10.02%, compared to 7.13% in the previous year.
As at end-2011, the analysis of the loan portfolio structure as per credit
rating evidences a lower share of qualitative loans and a higher share of
non-performing loans. In the qualitative loan portfolio, standard loans
reduced their share while special mention loans increased their share slightly.
Concerning the non-performing loan portfolio, the three categories evidenced
a higher share; however, the share of sub-standard and loss loans recorded
the highest increase.
Table 20 Credit rating as a percentage of outstanding loans
Credit rating
Standard
Special mention
Sub-standard
Doubtful
Loss
2009
Q1
86.0
6.5
4.0
1.8
1.7
Q2
85.7
5.6
4.1
2.4
2.2
Q3
82.5
7.8
4.7
2.3
2.8
Q4
83.2
6.4
4.7
2.7
3.0
2010
Q1
80.8
7.6
5.4
3.0
3.3
Q2
81.2
6.6
5.4
3.2
3.7
Q3
78.7
7.5
5.9
3.9
4.0
Q4
79.0
7.0
6.2
3.7
4.1
2011
Q1
73.8
11.5
5.9
4.2
4.6
As at end-2011, loan loss provisions amounted to about ALL 55.1 billion, up
ALL 18.93 billion from end-2010. The growth rate of loan loss provisions was
almost similar to that of non-performing loans. Consequently, as at end-2011,
the ratio of loan loss provisions to non-performing loans, which measures
the level of coverage with provisions, was estimated at about 51.8%, almost
similar to end-2010 (52.7%).
5
This indicator is measured considering outstanding loans and non-performing loans, excluding
loan loss provisioning.
Bank of Albania
31
Q2
73.1
9.9
8.0
4.0
5.0
Q3
73.2
8.5
8.9
4.2
5.2
Q4
73.8
7.4
9.3
3.9
5.6
2011
Chart 14 Business and household
non-performing loans
Chart 13 Loan loss provisions
120,000
0.6
100,000
0.5
80,000
0.4
60,000
0.3
40,000
0.2
20,000
0.1
0
0.25
80,000
0.2
70,000
60,000
0.15
50,000
40,000
0.1
30,000
20,000
0.05
10,000
-
December'11
September'11
June'11
March'11
December'10
September'10
June'10
March'10
December'09
September'09
June'09
March'09
December'08
September'08
June'08
March'08
December'07
September'07
June'07
March'07
December'06
March'11
September'11
June'11
March'11
December'10
September'10
June'10
March'10
December'09
September'09
June'09
March'09
December'08
-
90,000
0
Business NPLs (in millions of ALL), left
Household NPLs (in millions of ALL), left
Business NPLs / Business loans, right
Household NPLs / Household loans, right
Loan loss provisions (1) (in millions of ALL, left)
NPLs gross (2) (in millions of ALL, left)
Ratio (1)/(2) (in %, right)
Concerning the loan quality by borrower, business non-performing loans
increased at higher rates than household non-performing loans. As at end2011, business non-performing loan ratio stood at 20.8%, while household
non-performing loan ratio stood at 15.8%.
The analysis of the business loan portfolio quality, based on the level of nonperforming loans by sectors of economy combined with the specific share of
the sector in total business portfolio, shows that the sectors of trade, repair
of vehicles and household appliances, construction, processing industry and
hotels and restaurants6 appear the most problematic in the economy.
Chart 15 Outstanding non-performing
loans by currency
0.25
80000
70000
60000
50000
0.2
25.00%
0.15
20.00%
40000
0.1
30000
20000
0.05
10000
15.00%
10.00%
5.00%
0
December 11
September 11
June 11
March 11
December 10
EUR
USD
Total
September 10
6
-10.00%
June 10
-5.00%
March 10
Outstanding NPLs in ALL (in millions of ALL)
Outstanding NPLs in FX (in millions of ALL)
NPLs in ALL / Total ALL loans (right)
NPLs in FX / Total FX loans (right)
0.00%
December 09
December'11
June'11
December'10
June'10
December'09
June'09
December'08
June'08
December'07
June'07
December'06
June'06
December'05
0
Chart 16 Quarterly performance of
non-performing loans unhedged against
exchange rate risk to outstanding loans in foreign
currency unhedged against exchange rate risk
Quarterly change of EUR exchange rate, %
Quarterly change of USD exchange rate, %
As at the end of 2011, non-performing loans in the sectors of “trade, repair of vehicles and
household appliances” and “Construction” stood at 21.3% and 29.6%, respectively. While,
for the sectors of “processing industry” and “hotels and restaurants”, they stood at 21.0% and
45.0%, respectively.
32
Bank of Albania
2011
Unlike the previous year-end, the loan portfolio denominated in foreign
currency shows a higher non-performing loan ratio estimated at 19.6%
compared to that in the Albanian lek, which stands at 16.9%.
Within the loan portfolio denominated in foreign currency, classified as
unhedged against exchange rate risk, non-performing loans account for
18.89% of the total. During December 2010 – December 2011, foreign
currency non-performing loans unhedged against exchange rate risk increased
by 6.34 percentage points.
Euro non-performing loans unhedged against
exchange rate risk accounted for 20.3% in
2011, up 6.69 percentage points. For the same
period, euro’s exchange rate, on quarterly basis,
was volatile, thus weakening the direct linkage
between the exchange rate performance and nonperforming loans.
US dollar non-performing loans unhedged against
exchange rate risk accounted for 9.95%, up by
about 3.45 percentage points. Similiar to euro’s
exchange rate, US dollar’s exchange rate, on
quarterly basis, was constantly volatile.
Chart 17 10, 20, 50 and 100 largest borrowers
in the system as a percentage of outstanding
loans in the system (as at 31 December, 2011)
0.10
0.08
10 largest
borrowers
0.14
0.12
20 largest
borrowers
0.23
0.20
50 largest
borrowers
0.31
0.29
100 largest
borrowers
0
As at end-2011, the analysis of the largest
borrowers in the system shows the increasing share
of each of the groups of 10, 20, 50 and 100 largest
borrowers in total system loans.
0.05
0.1
0.15
31 December '10
Chart 18 Credit volume distribution of ten largest borrowers by credit rating
Doubtful
2.0%
Sub-standard
6.2%
December 2010
Sub-standard
Doubtful
2.1%
0.2%
Special mention
7.3%
Special mention
11.4%
Standard
80.4%
Standard
90.5%
Bank of Albania
0.25
0.3
0.35
31 December '11
About 91.82% of the volume of credit extended to the 10 largest borrowers is
classified as regular (standard and special mention) and only 8.18% is classified
under “sub-standard” and “doubtful” (6.16% and 2.02%, respectively). The
December 2011
0.2
33
2011
Chart 19 Loans secured by collateral, by type
Total outstanding loans
Business
outstanding loans
Household
outstanding loans
0
0.2
0.4
0.6
0.8
1
1.2
Loans collateralized by real estate
Loans collateralized by other collateral
Loans collateralized by cash
Uncollateralized loans
10 largest borrowers’ loan portfolio classified as
regular fell by about 6 percentage points compared
to end-2010. However, the loan quality for this
group of borrowers remains better than total
portfolio’s.
As at December 2011, the largest part of the loan
portfolio (76%) was collateralized, slightly lower
than as at December 2010 (79%). The loan portfolio
analysis by type of collateral shows that the largest
part of loans in the system (53%) is secured by real
estate, out of which 37% is of residential type.
The analysis of collateral loans by currency shows
that the loan portfolio denominated in foreign
Source: Bank of Albania. currency is better collateralized than that in the
Albanian lek, 79% versus 71%. Compared to the
same period in the previous year, collateralized
loans in foreign currency fell by 5 percentage points, while those in the
Albanian lek improved by 4 percentage points.
Table 21 Type of collateral by sector and currency, in %
Type of collateral
Real estate
Cash
Other collateral
Uncollateralized loans
Total
Households
ALL Foreign currency
54%
80%
3%
4%
9%
9%
34%
6%
100%
100%
Businesses
46%
49%
2%
3%
26%
22%
26%
26%
100%
100%
Total
49%
56%
3%
4%
20%
20%
29%
21%
100%
100%
Despite the above-mentioned developments, which indicate a high level of
non-performing loans, the stress test analyses carried out by the Bank of
Albania show that the banking system enjoys buoyant capital, sufficient to
cover a considerable level of losses arising from risks to lending and other
activities.
4.2 LIQUIDITY RISK
The banking system was characterized by an adequate level of liquidity in
2011. Liquidity in the system displayed a rising trend also due to the regulatory
amendments that became effective at end-2011. The improved liquidity
situation can be also viewed in terms of proportionality between currencies.
The Albanian banking system has, in the recent years, been characterized by
liquidity excess in the national currency versus a lower share of liquid reserves
denominated in foreign currency. This trend, however, seems to have shifted
in 2011. In December 2011, foreign currency liquidity increased its share in
total liquid assets in the system.
34
Bank of Albania
2011
4.2.1 Banking System Deposits
Chart 20 Total customer deposits
Customer deposits remain the main and most
stable source of financing for the Albanian banking
system. As at end-2011, customer deposits in the
system amounted to ALL 924 billion. Deposits in the
system grew in 2011, albeit slightly lower (13%) than
in 2010. Similar to 2010, deposits denominated in
foreign currency contributed the most to this growth.
In terms of currency, the share of deposits has
now balanced, displaying higher proportionality
between deposits denominated in the Albanian
lek and foreign currency. More specifically, as at
December 2011, foreign currency-denominated
deposits accounted for 49.9% and lek deposits for
50.1% of total deposits.
1,000,000
900,000
800,000
700,000
600,000
500,000
400,000
300,000
200,000
100,000
0
Q IV_11
Q III_11
Q II_11
Q I_11
Q IV_10
Q III_10
Q II_10
Q I_10
Q IV_09
Q III_09
Q II_09
Q I_09
Q IV_08
Q III_08
Q II_08
Q I_08
Q IV_07
Q III_07
Q II_07
Q I_07
Q IV_06
Q III_06
Q II_06
Q I_06
Q IV_05
Household deposits continue to have the largest
share in total customer deposits in the Albanian banking system. The growth
of household deposits was more pronounced over the year under review,
accounting for the largest part of total deposit growth. On the other hand,
remaining maturity increased slightly in 2011. As at end-December 2011,
deposits maturing within one month accounted for 32% of total deposits,
compared to 35% in 2010.
Chart 21 Deposits by remaining maturity
December 2010
1-5 years
3%
December 2011
1-5 years
3%
over 5 years
0%
up to 7 days
21%
6-12 months
30%
6-12 months
33%
7 days 1 month
14%
7 days 1 month
14%
3-6 months
15%
1-3 months
17%
over 5 years
0%
up to 7 days
19%
3-6 months
15%
1-3 months
16%
Deposits
December’08 December’09 December’10 December’11
ALL deposits (in ALL millions)
367,255
376,216
417,963
462,645
Annual fall/growth
8,961.0
41,746.8
44,681.4
Annual fall/growth (%)
2.4
11.1
10.7
EUR deposits (in EUR millions)
1,668
1,801.0
2,376.6
2,750
Annual fall/growth
133.0
575.7
373.4
8.0
32.0
15.7
Bank of Albania
35
Table 22 Deposits for the
three major currencies
2011
USD deposits (in USD millions)
Annual fall/growth
716
632
(83.5)
(11.7)
574
(58.5)
(9.3)
619
44.9
7.8
4.2.2 Deposit Concentration
Concerning deposit concentration in the system, customer deposits follow
a similar trend to other main balance sheet items. About 75% of customer
deposits are concentrated in the five largest banks in the system, up only 1
percentage point from the previous year. Concerning customer concentration,
the largest 20 depositors in each bank account
for about 9.4% of total deposits, compared to
Chart 22 Liquid assets, structure of their
10.6% in 2010, hence providing evidence for
items and liquidity figures
350,000
33.5
the slight improvement in the largest depositors’
33.0
300,000
concentration ratio.
32.5
250,000
32.0
200,000
31.5
150,000
30.5
31.0
29.5
50,000
29.0
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
-
4.2.3 Liquid Assets
30.0
100,000
28.5
Transactions with banks and financial institutions
T-bills and securities
Cash in hand
Liquidity
As at end-December 2011, the banking system’s
liquid assets amounted to ALL 297 billion,
compared to ALL 257 billion in 2010. In terms
of their composition, securities of different types
meeting the liquidity regulation criteria have the
largest share at 62%. Transactions with banks and
financial institutions (with remaining maturity of up
to 7 days) account for about 25% of liquid assets.
At the end of 2011, some amendments to the Regulation “On Liquidity Risk
Management” became effective. In addition to the restraints of the existing
regulation, which related to the low counterparty rating on investment in
Chart 23 Liquid assets by currency
December 2011
December 2010
Other
2%
Other
2%
EUR
21%
EUR
24%
USD
6%
USD
8%
ALL
71%
ALL
66%
36
Bank of Albania
2011
tradable securities and non-resident placements, similar restraints were
also set on investments in the form of deposits or current accounts, lending
to non-resident institutions and investment securities, for non-resident
counterparties. A haircut system was applied on these instruments, based on
the counterparty ratings assigned by the international rating agencies. These
amendments also consisted in the increase of the minimum liquid assets
to short-term liabilities ratio from 20% to 25% and the beginning of the
application of two separate thresholds on this ratio for the Albanian lek and
foreign currency. Banks responded swiftly to the Bank of Albania’s decision
by increasing their liquidity. All banks observed the new regulatory threshold
on this ratio of 25%.
As at end-December 2011, liquid assets to short-term liabilities ratio stood
at 33.1% compared to 30.6% in 2010. This ratio in Lek was estimated at
43%, similar to the previous year, while that in foreign currency stood at 23%,
compared to 18% at end-2010. The higher ratio is entirely attributed to the
increase in the foreign currency ratio due to the measures taken by banks in
order to observe the new regulatory threshold of the liquid assets to short-term
liabilities ratio by currency, since December 2011 was also the first period
when the new minimum regulatory ratio of 20% in foreign currency had to be
observed by the banks in the system.
4.2.4 Asset-Liability Gap
Table 23 Up to 1- and 3-month maturity gap for the banking system
Up to 1-month maturity gap (in ALL millions)
Up to 3-month maturity gap (in ALL millions)
Up to 1-month maturity gap/total assets (in %)
Up to 3-month maturity gap/total assets (in %)
December’10 March’11 June’11 September’11 December’11
-69,138 -55,049 -65,831
-48,667
-47,757
-145,601 -120,055 -227,973
-126,222
-113,992
-6.2
-4.9
-5.6
-4.0
-3.7
-13.7
-11.2
-20.7
-10.9
-9.5
Chart 24 Up to 3-month maturity gap by currency and
asset-liability gap by maturity
50,000
December March June September December
2010
2011 2011 2011
2011
400,000
300,000
0
200,000
-50,000
100,000
-
-100,000
(100,000)
-150,000
(200,000)
up to 7
days
-200,000
-250,000
ALL up to 3-month maturity gap
EUR up to 3-month maturity gap
USD up to 3-month maturity gap
Bank of Albania
Total assets
7 days
to 1
month
1-3
months
3-6
months
6 - 12
months
1-5
years
over 5
years
195,627 121,341 92,861 106,663 200,317 339,402 161,104
Total liabilities 222,675 142,050 159,097 137,570 351,753 43,663 113,351
Difference
(27,047) (20,709) (66,236) (30,908) (151,436 295,739 47,752
37
2011
Up to 3-month asset-liability mismatch remains negative at ALL 114 billion
or 9% of total assets. This gap, albeit negative, narrowed compared to the
previous year’s level of 14%, thereby providing evidence for the improved
liquidity figures in the banking system at the end of the year.
4.2.5 Lending from Non-Resident Banks and Financial Institutions
Lending from parent banks or other non-resident financial institutions
represents one of the financial sources for some banks in the Albanian
banking system. The amount of this type of financing continued to fall slightly
compared to the previous year. Both in absolute and relative terms, this type
of financing accounted for about 2% of total assets in the system, compared
to 2.5% in December 2010. Expressed differently, these sources account for
about 4.6% of total banks’ assets being financed through them.
In addition, some of the banks in the Albanian system have been approved
by their parent banks credit lines that are still being unused and they are
recorded as off-balance sheet items. The possibility to use these credit lines, if
needed, is considered positive for the liquidity situation of these banks. Worth
noting is that the unused part of credit lines approved by parent banks in
2011 increased compared to the previous year to ALL 46.5 billion or 4.2% of
total assets in the system.
4.2.6 Loan-to-Deposit Ratio
The growth of deposits in 2011 was followed by a slightly higher growth
of outstanding loans. This led to an inconsiderable increase in loan-todeposit ratio, which pursued a stable trend in 2011. In December 2011,
loan-to-deposit ratio stood at 61%. This ratio shows higher figures for foreign
currency (83%) than for the Albanian lek (39%), thus reflecting the Albanian
banking system’s balance sheet structure. By currency, this ratio reflects the
growth of deposits denominated in foreign currency, combined with a more
moderate growth of outstanding loans in foreign currency during this period.
Consequently, loan-to-deposit ratio in foreign currency reduced, while that in
lek increased.
Table 24 Loan-to-deposit
ratio
Year
2006
2007
2008
2009
2010
2011
38
Lek
17
22
30
36
35
39
Foreign currency
70
79
104
99
86
83
All currencies
38
46
62
65
60
61
Bank of Albania
2011
4.2.7 Interbank Market and Bank of Albania’s Financing
Banks in the Albanian banking system meet a part of their short-term needs
for liquidity through interbank transactions and liquidity injected by the Bank
of Albania through reverse repurchase agreements. The use of liquidity from
the central bank did not increase considerably in 2011. The share of the
average volume of liquidity injected by the Bank of Albania, mainly through
reverse repurchase agreements of one-week maturity, but also of one-month
and three-month maturity, accounts for about 2% of total liabilities in the
system, compared to 1.5% in 2010.
Financing from resident banks, albeit at a very low level of less than 1%,
continued in 2011 as well, providing evidence that banks resort to the
interbank market to distribute operational risk both in the Albanian lek and in
foreign currency.
4.3 MARKET RISK
Exposure to interest rate risk, measured through the repricing mismatch between
assets and liabilities of up to three months, amounted to ALL 51 billion, or
5.1% of earning assets. On a system level, this figure shows a low exposure
to interest rate change risk. For longer maturity terms, the exposure shows an
opposite direction and appears higher (ALL 79 billion); however, the stress test
exercises carried out for this type of risk show a moderate impact of this risk on
the banking sector’s capital adequacy. The share of these gaps by currency is
also relatively low, despite the wider gap in euro and in the Albanian lek.
On the other hand, the net open long position in the Albanian banking system
amounted to ALL 3.88 billion or 3.94% of the system’s regulatory capital. This
figure implies a low exposure of the Albanian banking system to exchange
rate risk compared to the maximum regulatory threshold of 30%. The low
exposure is also reflected in the stress test results on direct exchange rate risk.
The capital required to cover market risks accounts for only 2.2% of the
regulatory capital, while the total coverage of market and credit risks with
capital for the entire system is estimated at 128.6% compared to 126.5% in
2010 and the minimum total coverage rate of 100%.
4.4 OPERATIONAL RISK
The categorization and addressing of operational risk as an individual credit
risk and as an integral part of the supervisory function of the Bank of Albania
materialized as from January 2010, with the entry into force of the new
organizational structure of the Supervision Department. This step was made
in the framework of the convergence towards international approach to this
type of risk (Basel II), where operational risk represents one of the main three
risks banking institutions are exposed to.
Bank of Albania
39
2011
The work started in 2010 to develop supervisory tools for the assessment
of operational risk as an individual risk category7 continued during 2011.
The approval8 and entry into force of the Bank of Albania Regulation “On
Operational Risk Management” in February 2011 has raised the attention in
the banking and financial system for this type of risk. By providing its definition,
the minimum organizational conditions and establishment of a reporting
system at the Bank of Albania, the Regulation in question aims at ensuring
a proactive supervision of operational risk in the system. Worth mentioning
is the meeting held between the Albanian Association of Banks and Bank of
Albania representatives to discuss unclear issues related to the requirements
stemming from the Regulation “On Operational Risk Management”. This
meeting sought and successfully managed to align the interpretations of parts
of the Regulation and the reporting requirements under this Regulation.
The Twinning Project with Banca d’Italia was particularly important in 2011.
The cooperation on this particular type of risk aims at further developing the
methodology and supervisory tools of operational risk.
Through its on-site examinations and off-site surveillance carried out during
2011, the Bank of Albania noted a positive response of the banking system in
terms of the compliance with the new operational risk management standards.
5. CAPITAL ADEQUACY
5.1 SHAREHOLDERS’ EQUITY
Chart 25 Shareholders’ equity
120000
14
12
100000
10
80000
8
6
60000
4
40000
Similar to the previous year, shareholders’ equity
maintained a rising trend in 2011, despite the
comparably lower growth rates in the last two years.
2
0
20000
-2
December'11
September'11
June'11
March'11
December`10
September`10
June`10
March`10
December’09
September 09
June’09
March 09
December'08
September'08
June'08
March 08
December'07
September' 07
June'07
March 07
December'06
0
As at end-2011, the banking system’s shareholders’
equity amounted to ALL 97.3 billion, up ALL 4.2
billion y-o-y (4.5%) versus the higher increase by
ALL 8.3 billion (9.8%) in 2010.
Shareholders’ equity
-4
Growth in %
The analysis of the components of shareholders’
equity shows that the key component, paid-in
capital, increased by about ALL 12.1 billion (17.1%)
in 2011, raising its share to 85.1% from 75.9%
in 2010. This performance provides evidence
for shareholders’ willingness to support banking
activity.
In the Albanian supervision practice, until January 2010, in the absence of a specific definition,
the supervision of operational risk was addressed in the framework of other risks supervised
by the Bank of Albania.
8
Decision No. 03, dated 19.01.2011, of the Supervisory Council of the Bank of Albania.
7
40
Bank of Albania
2011
Table 25 Banking system’s shareholders’ equity and its components
Indicator
Paid-in capital
Share premium
Reserve
Revaluation difference
Retained earnings/loss
Earnings/loss for the period
Dec’11
ALL millions
97,304.7
82,803.9
4,180.1
13,639.6
2,292.0
(6,317.2)
706.3
Dec’10
% ALL millions
100
93,138.4
85.10
70,742.0
4.30
3,703.4
14.02
8,486.4
2.36
1,618.9
(6.49)
1,872.6
0.73
6,715.1
Dec’09
Dec’08
% ALL millions
% ALL millions
%
100
84,846.8
100
71,472.1
100
75.95
60,867.3 71.74
51,112.7 71.51
3.98
3,703.4 4.36
3,704.6 5.18
9.11
7,434.7 8.76
4,872.4 6.82
1.74
211.6 0.25
(3,807.6) (5.33)
2.01
9,085.2 10.71
8,254.4 11.55
7.21
3,544.5 4.18
7,335.7 10.26
The banking system’s profit was positive at ALL 706 million in 2011. It,
however, maintained a declining trend in 2011, as expressed in Return on
Average Assets (RoAA) and Return on Average Equity (RoAE), owing mainly to
the higher loan loss provisions.
5.2 CAPITAL ADEQUACY RATIO
Chart 26 CAR and its components
700,000
Bank of Albania
600,000
19.0
500,000
in million ALL
18.0
400,000
17.0
300,000
16.0
200,000
100,000
15.0
0
14.0
December'11
September'11
June'11
March'11
December_10
September_10
June_10
March_10
December_09
September_09
June_09
March_09
December_08
September_08
June_08
March_08
December_07
September_07
June_07
March_07
December_06
Shareholders’ willingness to support with capital in
2011 led to a higher growth rate of the system’s
regulatory capital by 9.2% versus the increase of
risk-weighted assets and off-balance sheets items
by 8%.
20.0
in %
Capital Adequacy Ratio (CAR), a key prudential
indicator, exceeds the minimum threshold of 12%
considerably, being reported at 15.6% at end2011. Compared to the corresponding period in
2010, the CAR appears highly stable, increasing by
0.2 percentage points, hence providing evidence
for a stable banking system.
Regulatory capital
Risk-weighted assets
CAR
41
2011
Box Measuring the Capital Adequacy Ratio
Capital adequacy ratio (CAR) determines bank’s ability to meet the obligations
relative to its exposure to risks like credit risk, market risk and operational risk, in
due time. Put in simpler terms, the CAR serves as a “cushion” against losses and
protects bank depositors and lenders.
In order to calculate the CAR, the Supervisory Council of the Bank of Albania has
drafted and approved the Regulation “On capital adequacy ratio”.
Definitions:
CAR is the ratio of regulatory capital to risk-weighted assets and off-balance sheet
items, expressed as a percentage.
CAR = Regulatory capital / Risk-weighted assets and off-balance sheet items
Components:
The numerator in the ratio is represented by:
The bank’s regulatory capital, as calculated by the methodology described in the
Guideline “On bank’s regulatory capital”.
A bank’s regulatory capital consists of core capital and supplementary capital.
a)
•
•
b)
•
•
•
A bank’s core capital consists of:
Elements that are added (subscribed capital, reserves (other than revaluation
reserves), issue premiums, retained earnings, earnings at the end of the fiscal
year, earnings for the reporting period and credit revaluation difference).
Elements that are subtracted (subscribed capital unpaid, nominal value of
bank’s shares held by bank, retained losses, losses during the fiscal period,
debt revaluation difference and intangible fixed assets).
A bank’s supplementary capital consists of:
revaluation reserves;
general reserves; and
subordinated term/hybrid debt.
The denominator of the ratio consists of the following risk-weighted amounts:
-
Balance sheet assets;
-
Off-balance sheet items representing term financial instrument contracts
related to interest and exchange rates;
-
Other off-balance sheet items.
Balance sheet items and off-balance sheet items are not equally risk-weighted.
Based on the risk they pose, asset items and off-balance sheet items are assigned
a coefficient, which expresses the level of risk to the financial institution. Based on
the Bank of Albania’s Regulation “On capital adequacy ratio”9, banks risk-weight
asset items and off-balance sheet items as follows:
Assets:
- at no risk are weighted at 0%;
- at low risk are weighted at 20%;
- at medium risk are weighted at 50%;
- at high risk are weighted at 100% and 150%.
Off-balance sheet items:
- at low risk are weighted at 0%;
- at moderate risk are weighted at 20%;
- at medium risk are weighted at 50%;
- at high risk are weighted at 100%.
9
42
For more information, please refer to the Bank of Albania’s Regulation “On Capital
Adequacy Ratio” on Bank of Albania’s website www.bankofalbania.org
Bank of Albania
2011
5.2.1. Regulatory Capital
Chart 27 Net non-performing loans as a
percentage of regulatory capital
The banking system’s regulatory capital was
reported at ALL 98.47 billion at end-2011, up ALL
8.31 billion from end-2010 (9.2%).
120000
50
100000
40
30
40000
20
20000
10
0
0
Net non-performing loans
Regulatory capital
Non-performing loans/Regulatory capital
Chart 28 Risk-weighted off-balance sheet items
30,000
Net non-performing loans as a percentage of the
system’s regulatory capital are estimated at 52%
versus 35.9% at end-2010. The higher annual ratio
owes to the higher increase in net non-performing
loans compared to that of the regulatory capital.
10
25,000
8
20,000
6
15,000
4
10,000
2
5,000
-
Q IV_11
Q III_11
Q II_11
Q I_11
Q IV_10
Q III_10
Q II_10
Q I_10
Q_4_09
Q_3_09
Q_2_09
Q_1_09
Q IV_ '08
Q III_ '08
Q II_ 08
Q I_ 08
Q IV_ 07
Q III_ 07
Q II_ 07
Q I_ 07
Q IV_06
5.2.2. Total Assets and Off-Balance Sheet
Items
in %
The banking system’s supplementary capital,
which consists of subordinated debt, is estimated
at ALL 7.99 billion, compared to ALL 5.04 billion
at end-2010. Seven banks are reported to have
subordinated debt, compared to six at end-2010.
60000
December'11
September'11
June'11
March'11
December'10
September'10
June'10
March'10
December'09
September'09
June' 09
March'09
December'08
September'08
June'08
March'08
December'07
September' 07
June'07
March'07
December'06
The banking system’s core capital is the main
component of the system’s regulatory capital,
accounting for 91.9%, hence providing evidence for
a qualitatively sound and stable regulatory capital.
However, compared to the same corresponding
period in 2010, its share reduced slightly by 2.5
percentage points at end-2011.
in million ALL
80000
0
Total risk-weighted assets and off-balance sheet
Risk-weighted off-balance sheet items / Total
risk-weighted assets and off-balance sheet items, in %
items grew by about ALL 46.7 billion (8%) at endSource: Bank of Albania.
2011. As shown by the data in Table 26, highrisk assets provided the major contribution to the
performance of total risk-weighted assets and off-balance sheet items.
Table 26 Banking system’s risk-weighted assets
Indicator (in ALL millions)
December’11 December’10 December’09 December’08 December’07
Risk-free assets
450,321
409,673
381,448
334,268
324,678
Low-risk assets
134,820
95,701
58,545
54,651
88,391
Moderate-risk assets
31,091
34,354
32,814
17,842
18,877
High-risk assets
340,090
262,324
282,952
240,382
196,944
Assets risk-weighted at 150%
152,242
178,050
118,378
41,540
21,440
21,784
20,303
14,209
17,660
14,233
Risk-weighted assets and off-balance sheet items
632,748
586,020
502,846
340,205
270,456
Risk-weighted off-balance sheet items increased slightly by ALL 1.4 billion. Their
share, however, has been stable over time. As at end-2011, they accounted
for 3.4% of total banking system’s assets and off-balance sheet items.
Bank of Albania
43
2011
6. PROFITABILITY INDICATORS
6.1 NET PROFIT AND STRUCTURE
The banking system’s net profit for 2011 was reported positive at ALL 706.3
million, which is lower than the previous year’s net profit at ALL 6,715 million.
The lower profit owed mainly to the increase in loan loss provisions by about
ALL 6,800 million in 2011, which was not sufficiently covered by the increase
in net interest income, which rose by ALL 2,700 million in 2011.
The analysis of the main components of income and expenses shows that the
more moderate fall in net profit in the second half of 2011, compared to the
first half, owes mainly to the doubling of net interest income.
6.2 PROFITABILITY INDICATORS
The key profitability indicators, RoAA and RoAE fell in 2011. They, however,
remained positive at 0.07% and 0.76%, respectively. This was due to the
lower profit, while the increase in assets had a negligible impact.
Table 27 Key profitability
indicators, in %
(cumulative)
Indicator
RoAA
RoAE
December’11
0.07
0.76
June’11
0.22
2.43
December’10
0.72
7.58
As at end-2011, RoAA was estimated at 0.07%, the lowest figure in the last
five years. The sharp fall in income was highly driven by the high loan loss
provisions, which have a direct impact on the RoAA figure.
Tables 28 and 29 show the banking system’s profitability from the main
activity and the dynamics of the equilibrium between the collection of paying
liabilities and investment in earning assets.
Table 28 Indicators of
profitability from the main
activity, in % (cumulative)
Indicator
Interest income/average earning assets (1)
Interest expenses/average earning assets (2)
Net Interest Margin (NIM)[(1) - (2)]
December’11
7.78
(3.57)
4.20
June’11
7.74
(3.53)
4.21
December’10
8.11
(3.78)
4.32
Profitability indicators did not manifest significant changes compared to the
first half of 2011. While compared to the same corresponding period in 2010,
the NIM fell slightly in 2011 due to the higher growth rate (12.0%) of paying
liabilities compared to the increase in average earning assets by only 0.2%.
44
Bank of Albania
2011
Indicator
Average earning assets (1)
Average paying liabilities (2)
Average assets (3)
(1) / (3)
(2) / (3)
2011 Q4
943,023.2
889,977.2
1,050,371.2
90%
85%
2011 Q2
919,154.9
857,874.7
1,013,594.4
91%
85%
2010 Q4
855,368.2
794,879.1
938,695.7
91%
85%
Table 29 Average
profitability indicators, in
ALL millions
The banking system continued to be stable throughout 2011 in terms in
investment in earning assets and collection of paying liabilities. However, the
growth rate of earning assets was slightly lower than that of paying liabilities.
This dynamics is materialized in the relative values of the ratios, which
maintained almost a similar level throughout the year.
Table 30 shows the efficiency ratio, which stands at 62%. As shown by the
figures in the table, the more moderate increase in total expenses, coupled
with the sharper decline in operating income, reduced the efficiency ratio by
9 percentage points compared to end-2010.
Indicator
December’11
Operating expenses (1)
24,490.7
Operating income* (2)
39,636.0
Efficiency (1) / (2)
62%
* Net interest income + net non-interest income
June’11
11,657.9
22,037.6
53%
December’10
23,491.2
44,193.2
53%
7. NON-BANK FINANCIAL INSTITUTIONS AND SAVINGS
AND LOAN ASSOCIATIONS
7.1 NON-BANK FINANCIAL INSTITUTIONS
The number of non-bank financial institutions (NBFIs) conducting their activity
in Albania reached 19 in 2011 from 17 in 2010. According to the nature of
activities licensed by the Bank of Albania, these institutions are classified into:
•
•
•
•
10
Institutions licensed to conduct lending activity: Besa Fund sh.a., NOA
sh.a. (Former Opportunity Albania sh.a.), First Albanian Financial
Development Company – FAF sh.a., Tranzit ltd., and Ak-Invest sh.a.10;
Institutions licensed to conduct microcredit activity: Capital Invest
sh.a., and Vision Fund Albania ltd.;
Institutions licensed to provide payment and money transfer services:
Albanian Post Office sh.a., Financial Union Tirana ltd., Easypay ltd.
(Former ISCS ltd.), and M-Pay ltd.;
Institutions licensed to conduct financial leasing: Raiffeisen Leasing
sh.a., Tirana Leasing sh.a., Credins Leasing, Landeslease sh.a., Fin-al
ltd., and Sogelease sh.a.;
Ak-Invest began its lending operations in the second quarter of 2011.
Bank of Albania
45
Table 30 Efficiency ratio,
in ALL millions
2011
•
Institutions licensed to conduct factoring activity: Albanian Factoring
Services (AFS) sh.a., and Omnifactor ltd.
Unlike the previous periods, the Albanian financial services market was first
introduced in 2011 to the newest service provided by non-bank financial
institutions, and more specifically to factoring activity.
7.1.1 Assets of NBFIs
In December 2011, total assets11 of NBFIs amounted to ALL 30.0 billion, up
ALL 1.2 billion or 4.3% from the corresponding period in 2010. Their share
in total banking system’s assets is 2.7%, down by 0.2 percentage points from
December 2010.
Table 31 Total assets of NBFIs divided by their activity, December 2010-September
2011, in ALL billions
NBFIs conducting lending activities
14.5
14.2
13.5
13.9
13.7
NBFIs conducting financial leasing activities
9.4
9.6
10.1
11.0
11.0
NBFIs conducting payment and money transfer activities
4.6
3.9
4.4
4.4
4.9
NBFIs conducting microcredit activities
0.3
0.3
0.3
0.4
0.4
NBFIs conducting factoring activities
N/A
N/A
N/A
0.1
0.1
Total assets of NBFIs
28.8
28.1
28.5
29.7
30.0
Source: Statistics Department and Supervision Department staff’s processed data.
Chart 29 Contribution to total assets of NBFIs
60.0%
50.5%
50.3%
47.4%
50.0%
40.0%
32.6%
35.4%
34.2%
45.7%
46.8%
37.0%
36.7%
30.0%
20.0%
16.0%
13.9%
10.0%
1.0%
0.0%
1.1%
December'10 March '11
15.4%
1.1%
14.8%
1.3%
16.3%
1.3%
Similar to the previous periods, financial institutions
conducting lending activities continue to have the
largest share in total NBFIs’ assets, accounting for
45.7%, followed by financial institutions conducting
financial leasing (36.7%), financial institutions
conducting payment and money transfer services
(16.3%), and microcredit and factoring institutions,
which have a relatively share in total assets of
NBFIs, accounting for 1.3% and 0.3%, respectively.
0.3%
June '11 September'11December’11
NBFIs conducting lending
50.3%
50.5%
47.4%
46.8%
45.7%
NBFIs conducting financial
leasing
32.6%
34.2%
35.4%
37.0%
36.7%
NBFIs conducting payment
and money transfer
16.0%
13.9%
15.4%
14.8%
16.3%
NBFIs conducting microcredit
1.0%
1.1%
1.1%
1.3%
1.3%
NBFIs conducting factoring
0.0%
0.0%
0.0%
0.3%
0.3%
Financial leasing institutions provided the major
contribution to the growth of total NBFIs’ assets,
contributing by ALL 1.6 billion, followed by financial
institutions conducting payment and money transfer
services, which contributed by ALL 0.3 billion.
By contrast, assets of NBFIs conducting lending
activities fell by ALL 0.8 billion.
The asset structure of NBFIs is dominated by “Operations with customers”,
which accounts for 62.9% of total NBFIs’ assets and represents the main
activity for lending, financial leasing, microcredit and factoring financial
11
46
Total assets of NBFIs do not include the assets of the Albanian Post Office as it has not reported
its data as at the last quarter of 2011 to the Bank of Albania yet.
Bank of Albania
2011
institutions. The remainder mainly consists of “Current accounts and time
deposits held with deposit corporations”, which have a low risk compared to
lending.
7.1.2 Outstanding Loan Portfolio of NBFIs12
Total NBFIs’ loan
18.34
18.48
18.66
18.72
18.86
portfolio (net)
Total NBFIs’ loan
19.3
19.45
19.79
19.99
20.04
portfolio (gross)
As at end-December 2011, NBFIs’ loan portfolio amounted to ALL 20.04
billion, on a gross basis, accounting for 3.54% of the banking system’s
total loan portfolio, compared to 3.93% at end-2010. NBFIs’ loan portfolio
increased slightly by ALL 0.74 billion in 2011 or by about 3.83%, due to the
increase in the loan portfolio of financial leasing institutions by ALL 1.4 billion
or 17.95%, which managed to offset the contraction by ALL 0.65 billion in the
loan portfolio of lending and microcredit institutions.
Despite the contracted loan portfolio, over the one year period, lending and
microcredit NBFIs continued to make up the largest share in the loan portfolio,
accounting for 55.4% of the total, followed by financial leasing institutions,
44.5%, and factoring institutions, only 0.13% of the loan portfolio.
In contrast to the previous year, the analysis by currency shows that 53.9% of
NBFIs’ loan portfolio is in the Albanian lek, compared to 40.2% in December
2010. Within the loan portfolio of NBFIs, 98.56% of lending to the economy
through financial leasing is in foreign currency. By contrast, 96.54% of the
loan portfolio of lending and microcredit institutions is in the Albanian lek.
Concerning the structure of the loan portfolio by borrower, lending to
businesses continued to dominate in 2011, accounting for 90.1% of NBFIs’
lending. The rest, 9.9%, represents lending to households. The composition of
the loan portfolio by sectors of economy shows higher concentration in trade,
repair of vehicles and household appliances (25.5%), followed by agriculture,
hunting and forestry (11.4%) and construction (11.3%).
By maturity term, medium-term loans (1-5 years) have the largest share in
the loan portfolio, accounting for 75.2%, followed by short-term loans (up to
12 months) and long-term loans (over 5 years), which stand at almost similar
levels at 12.6% and 12.2%, respectively.
12
NBFIs holding loan portfolios are: lending, microcredit, financial leasing and, as from the
second half of 2011, factoring institutions.
Bank of Albania
47
Table 32 NBFIs’ loan
portfolio on a net and
gross basis, December
2010-December 2011, in
ALL billions
2011
Table 33 Loan quality, December 2010-December 2011
Non-performing loans/outstanding loans in the system (gross)
5.91%
6.48% 7.62%
8.32%
7.12%
Non-performing loans/outstanding loans in the system (net)
2.38%
2.97% 3.69%
3.90%
3.04%
Change
3.52%
3.51% 3.93%
4.42%
4.08%
Gross outstanding non-performing loans increased by ALL 0.3 billion in 2011.
This was also reflected in the increase of gross non-performing loans, up 1.21
percentage points. The increase in loss loans provided the major contribution
by about ALL 0.15 billion.
7.1.3 Prudential Requirements
Pursuant to the effective legislation and regulatory framework, NBFIs report
on the observance of a set of prudential requirements applied to their activity.
NBFIs were well-capitalized in 2011 for the nature of the activities they
conduct. However, there were a few cases in 2011 when some lending and
microcredit NBFIs exceeded some of the prudential requirements, such as
those on credit risk management, maximum allowed exposure and allowable
open foreign currency position.
The situation has been monitored constantly by the Bank of Albania and
necessary measures have been recommended, in order for the NBFIs’ activity
to return to within the allowed prudential requirements within a short period
of time.
7.1.4 Profit of NBFIs
NBFIs registered a net positive profit of ALL 0.88 billion13 in 2011, hence
maintaining a similar profit level to the previous year. For the period under
review, 13 out of 19 NBFIs ended the financial year at profit. Worth noting
is that about 71% of the annual profit was made in the first half of 2011.
Payment and money transfer NBFIs provided the major contribution in terms
of profit, contributing by ALL 0.62 billion, followed by financial leasing NBFIs,
by ALL 0.23 billion, and lending and microcredit NBFIs, by ALL 0.03 billion.
7.2. FINANCIAL UNIONS AND SAVINGS AND LOAN ASSOCIATIONS
7.2.1. Financial Unions and Their Structure
The financial unions carrying out their financial activity in Albania consist
of two unions and their respective network of savings and loan associations
13
The profit of NBFIs does not include the profit of the Albanian Post Office as it has not reported
its data as at the last quarter of 2011 to the Bank of Albania yet.
48
Bank of Albania
2011
(SLAs): the Albanian Savings and Credit Union (ASCU) and Jehona Union.
Two SLAs left the ASCU in the first half of 2011, and starting from the second
quarter of 2011, they report independently to the Bank of Albania on a
quarterly basis. The unions are responsible for monitoring and supporting the
activity of the SLAs network.
Table 34 Number of SLAs and their members, December 2010-December 2011
December‘10
June ‘11
December‘11
Total SLAs
Total members
Total SLAs
Total members
Total SLAs
Total members
126
41,663
124*
41,151
124*
42,485
* The total number of SLAs decreased in June and December 2011 due to two SLAs leaving the
Unions.
UNIONS
The total number of SLAs remained unchanged at 126 in 2011. Concerning
the new membership, albeit up by 822 members, the growth rate was lower
than in 2010, when 3,532 new members joined the SLAs.
7.2.2. Assets of Unions and SLAs’ Network14
The share of financial unions in total banking system’s assets fell to 0.41% in
2011, compared to 0.47% in December 2010. Total Unions’ assets amounted
to ALL 4.64 billion, up only by ALL 0.03 billion or 1% y-o-y.
Concerning SLAs’ network, their assets amounted to ALL 5.16 billion in 2011,
up 1.38% y-o-y. SLAs account for 0.46% of total banking system assets,
compared to 0.51% in December 2010.
December’10
June’11
December’11
UNIONS
4.61
4.60
4.64
SLAs
5.09
5.06
5.16
During the second half of 2011, 29 SLAs were found to have violated the capital
adequacy and the loan portfolio quality ratios requirements. Concerning the
liquidity ratio, one of the unions was found to have violated the over 5-year
loan-to-total deposit ratio, exceeding the regulatory standard of 10% by 4.4
percentage points.
7.2.3. Outstanding Loan Portfolio of Financial Unions and SLAs
The loan portfolio of Unions and SLAs accounts for 0.46% and 0.80%,
respectively, of total banking system loans, on a gross basis. The loan
14
SLAs’ network refers to total SLAs of the two unions: Jehona Union, ASCU and two separate
SLAs.
Bank of Albania
49
Table 35 Total assets
of Unions and
SLAs, December
ALL billions
2011
portfolio of Unions remained unchanged on a gross basis, while declining
by ALL 0.04 billion on a net basis, as a result of the increase in loan loss
provisions due to the worsened loan portfolio quality. Concerning the SLAs,
the loan portfolio, gross, increased by ALL 0.04 billion or 1% from December
2010. SLAs’ loan portfolio, net, contracted by ALL 0.01 billion due to the
worsened loan portfolio quality.
Table 36 Loan portfolio
of Unions and SLAs,
on a gross and net
basis, December
ALL billions
December’10
June’11
December’11
Loans, gross
Unions
2.60
2.56
2.60
SLAs
4.48
4.38
4.52
Loans, net
Unions
2.58
2.54
2.54
SLAs
4.32
4.18
4.31
The loan portfolio quality worsened for the Unions and SLAs, mainly due to
the higher loss loans.
By branches of economy, SLAs’ loan portfolio remains oriented towards
investment in agriculture, hunting and forestry (60.6%), followed by hotels and
restaurants (22.1%) and trade, repair of vehicles and household appliances
(12.6%). Concerning the currency, the loan portfolio of Unions and SLAs
remained oriented towards lending in the Albanian lek in 2011.
7.2.4. Profit of Unions and SLAs
Unlike the previous year, SLAs recorded a negative profit of ALL 21.74 million
in 2011. While the Unions recorded a net positive profit of ALL 28.85 million,
almost half as much as in 2010.
Worth noting is that the two independent SLAs recorded a positive profit of
ALL 4.36 million and ALL 1.2 million, respectively.
50
Bank of Albania
2011
E. ON-SITE SUPERVISION
1. ON-SITE EXAMINATIONS
On-site supervision is the main responsibility of Portfolio Management Office,
which is responsible for evaluating the risk profile of licensed institutions, in
co-operation with other risk-profiled sectors. The supervision of institutions
seeks to guarantee that they carry out their financial activity soundly and in
accordance with the legal, regulatory and supervisory framework requirements.
The work is organized by combining the examination needs based on the
supervisory cycle set by the supervision operational policy and the importance
of concerns identified in individual banks with the efficient use of available
human resources.
1.1 ON-SITE EXAMINATION OF BANKING INSTITUTIONS
The main purpose of on-site examinations carried out during 2011 was to
make a full assessment of banks’ risk profile. In addition, examinations were
initiated as a result of the emergence of specific phenomena in the licensed
institutions. During 2011, the Bank of Albania carried out 6 full-scope
examinations and 2 partial examinations of banking institutions.
Concerns related to adherence to regulations. The banking system has
generally operated in accordance with the legal, regulatory and supervisory
framework requirements. However, several weaknesses were identified in
terms of credit risk management practices, exposure to large risks, liquidity
risk, customer transparency, etc.
More specifically, several cases were identified in which the following
requirements were not observed:
•
Regulation “On the Management of Risk Arising from Banks’ Large
Exposures”. An excess of the 20% maximum allowed exposure of the
regulatory capital to a beneficiary, in the form of exposure through
lending or investment of funds in the form of deposits, was identified in
on-site examinations. In addition, the 10% threshold of the regulatory
capital for persons related to the bank and the maximum amount of
loans approved to these persons were not observed in a few cases.
Bank of Albania
51
2011
On-site examinations also identified that, in a few cases, banks did not
respect the responsible authority for the approval of loans in favour of
persons related to the bank.
•
Regulation “On Credit Risk Management”. On-site examinations
identified incorrect rating of loans and, consequently, insufficiency
of loan loss provisions. Frequently, the level of additional loan loss
provisions required during the examination has impacted banks’ net
profit and another key prudential ratio, the capital adequacy ratio. In
addition to the level of loan loss provisions, banks were recommended
to take measures to improve lending policies and procedures,
strengthen the analytical capacities of the bank’s risk structure, and
improve the analysis of borrower’s financial position during the loan
approval process.
•
Regulation “On Capital Adequacy Ratio”. The identified cases related
to the correct rating of asset items and their weighting in accordance
with the relevant risk category.
•
Regulation “On Basic Management Principles of Banks and Branches
of Foreign Banks and Criteria for the Approval of their Administrators”.
The identified cases related to the necessary documentation submitted
to the Bank of Albania for the preliminary approval of administrators.
•
Regulation “On Liquidity Risk Management”. The identified cases
related to the observance of the minimum liquid asset ratio. In addition
to the regulatory threshold, non-compliance was also identified in
banks’ internal policies and procedures for liquidity risk management.
In accordance with the Regulation “On Liquidity Risk Management”,
banks were required to make periodic stress test analyses, in order to
identify and measure the bank’s exposure to liquidity risk in normal
and extraordinary situations.
•
Regulation “On the Use of Information Technology and Communication
in Institutions Licensed by the Bank of Albania”. The identified cases
related to the improvement of the information technology and
communication risk assessment, including the classification of systems
and applications used and the identification of deficiencies and
possible threats, improvement of business continuity plans based on
the size and complexity of the institution, improvement of the archiving
procedure of the back-up copy related to its frequency and location,
improvement of bank’s internal regulatory framework, etc.
•
Regulation “On the Transparency of Banking and Financial Products
and Services” related to the reporting to the Bank of Albania and the
publication, in the bank’s premises, of the effective interest rate and
the accuracy of its calculation, as well as the change in the terms and
conditions of the contracts and/or provision of products and services.
Regulation “On Minimum Standards for Operational Risk Management”
•
52
Bank of Albania
2011
related to certain aspects of operational risk management, such as the
identification, monitoring and reporting to the responsible structures,
collection of data on operating losses and conduct of an annual selfassessment campaign.
•
Regulation “On Prevention of Money Laundering” related to the
classification of transactions by risk and application of due diligence.
•
Regulation “On Minimum Requirements for Information Disclosure by
Banks and Branches of Foreign Banks”.
•
Regulation “On the Functioning of Credit Registry at the Bank of
Albania” related to the accurate entry of data by files.
•
Regulation “On Foreign Exchange Activity” related to the accompanying
documentation of transfers.
1.2 ON-SITE EXAMINATION OF NON-BANK INSTITUTIONS
During 2011, the Bank of Albania examined 5 non-bank financial institutions,
of which 3 conduct financial leasing, 1 conducts lending activity and 1
provides payment and money transfer services.
The examined financial leasing institutions were selected based on banks’
examination plan, pursuant to the regulatory requirements of consolidated
supervision. While the examination of the lending institution was based on the
level of risk and its organizational and decision-making developments.
Examinations mainly focused on the assessment of quality in financial leasing
and credit risk management processes. Particular focus was paid to the
adequacy of internal structures for supporting the activity and the assessment
of institutions’ financial performance and stability. Other important areas
included compliance with the regulatory framework related to the observance
of prudential requirements, public transparency, prevention of money
laundering, information and communication technology and operational risk.
Examinations identified the following main concerns:
•
Improvement of the lending process. A number of recommendations
were made to improve the analyses of borrowers’ solvency, the accurate
rating of the loan portfolio and the establishment of provisioning in
accordance with the Regulation “On the Management of Risk in the
Activity of Non-Bank Financial Institutions”.
•
Improvement of the internal regulatory framework. A number of
recommendations were made to review and improve the internal
regulatory framework in line with the internal structural developments
of non-bank institutions and in accordance with all the effective
Bank of Albania
53
2011
regulatory requirements. Improvements were mainly required to be
made in terms of establishing the criteria for the identification of
related parties and procedures for monitoring credit and improvement
of borrower’s financial statements. Non-bank institutions were also
recommended to formulate procedures for public transparency related
to customer complaints.
54
•
Non-compliance with the prudential and regulatory standards related
to large exposures to non-resident investments and excesses of
exposure to credit risk. Non-bank institutions were required to make a
plan to bring all the violated prudential standards back to within the
thresholds, in order to ensure a sound functioning of the activity.
•
Non-compliance with the requirements of the Regulation “On the
Management of Risk in the Activity of Non-Bank Financial Institutions”
related to the violation of the limit of open foreign currency position.
For the evidenced cases, measures were required in order to bring the
exposure back to the limit.
•
Non-reporting to the Bank of Albania in accordance with the Law “On
Accounting and Financial Statements” and international accounting
standards.
•
Incomplete public transparency related to the completion of contracts
with the NEI (Nominal Effective Interest Rate), inclusion of the credit
settlement plan as part of the leasing/credit contract, incomplete
information related to the risk of borrowing in foreign currency, the
methodology of interest rate calculation and announcement for their
change, publication of interest rates on loans and commissions on
products and services being offered.
•
Incomplete compliance with the regulatory requirements for the prevention
of money laundering. Non-bank institutions need to create the customers’
economic profile and categorize them by risk. They also need to improve
their policies further pursuant to the Instruction “Knowing the client”,
and their practical implementation; designate a person responsible for
the prevention of money laundering on an administrators’ level, and
formulate annual training plans and enhance their efficiency.
•
Information and communication technology and operational risk.
Examinations identified concerns related to the auditing of non-bank
institutions’ ICT from structures independent from those involved in
the operational processes, the need to review the users’ profiles and
divide the duties according to the processes, and develop a strategy
about the support that the information technology will provide in the
future. Concerning operational risk, necessary structures need to be
created to manage this type of risk and relevant procedures on how to
address this risk need to be developed.
Bank of Albania
2011
1.3 ON-SITE EXAMINATION OF THE ALBANIAN SAVINGS AND CREDIT
UNION
There are two Unions of Savings and Credit Associations operating in
Albania: the Albanian Savings and Credit Union (ASCU) and Jehona Union.
During 2011, the Bank of Albania examined the ASCU, which has the
largest share in the activity of savings and loan associations (about 98% of
total assets).
The examination identified some concerns mainly related to the development
stage of these institutions, the philosophy of their development and operation
(principles of volunteer ownership and management, principles of mutual
assistance rather than a desire to maximise profits etc.). Based on these
concerns, the Bank of Albania identified the needs for legal and regulatory
changes in order to ensure a more consolidated supervision of these entities
(comparable to that of banks, whose activity is very much similar). The Bank
of Albania has begun to work on formulating the relevant drafts.
2. PREVENTION OF MONEY LAUNDERING AND
TRANSPARENCY
2.1 EXAMINATIONS DURING 2011
In addition to off-site surveillance, the Supervision Department has also carried
out on-site examinations on banks and non-bank financial institutions. During
2011, the Supervision Department examined 7 banks, 5 non-bank financial
institutions and 11 foreign exchange bureaus for the compliance with the
legal and regulatory framework, and transparency and prevention of money
laundering and financing of terrorism.
In addition, in order to verify the operational conditions of institutions applying
to carry out their activity in new premises or applying to be licensed by the
Bank of Albania pursuant to the provisions of Article 14, paragraph 7 of the
Regulation “On Licensing and Conduct of Activity of Banks and Branches of
Foreign Banks in the Republic of Albania”, and Article 18, paragraph 1 of
the Regulation “On Minimum Technical and Security Conditions of Premises
in which Banking and Financial Activity is Conducted”, the Bank of Albania
examined 30 foreign exchange bureaus during 2010.
2.2 BANKS AND NON-BANK FINANCIAL INSTITUTIONS’ COMPLIANCE
WITH THE REGULATORY FRAMEWORK for the PREVENTION OF MONEY
LAUNDERING (PML), TRANSPARENCY AND SUPERVISORY STANDARDS
The banking system generally complied with the Bank of Albania’s regulatory
framework for the prevention of money laundering, transparency and
compliance with the supervisory standards. More specifically:
Bank of Albania
55
2011
2.2.1 Prevention of Money Laundering
With regard to the prevention of money laundering and fight against terrorism
financing, the Bank of Albania’s examinations found that the institutions have
taken preventive measures in view of:
•
Creating adequate structures and formulating internal policies and a
complete regulatory framework, reflecting the Law amendments and
the Guideline requirements;
•
Improving banks’ electronic systems in order to establish a functional
system for due diligence in relation to high-risk clients;
•
Organizing and participating in different trainings and seminars, in
order to introduce the bank employees to the risks facing this sector
in the area of money laundering and financing of terrorism and make
them aware of;
•
Significantly increasing the reporting of doubtful transactions, in
terms of number and quality, hence reflecting higher accountability
and improved disclosure, particularly from banks, in the fight against
financial crime;
•
Increasing the number of different typologies of reported cases,
reflecting a deeper analysis, related to the identification of doubtful
cases and, consequently, higher accountability in the fight against
financial crime.
Despite the measures taken by the examined institutions, the Bank of
Albania’s examinations identified some concerns which generally consisted
in the insufficiency of the effective risk management systems, particularly
for the categories of customers and transactions requiring due diligence;
concrete implementation of approved policies related to determining doubtful
elements and admitting customers; frequency and focus of internal controls
on the prevention of money laundering and financing of terrorism in relation
to due diligence; customer identification through identification documents
for amounts of no less than ALL 200.000 (for foreign exchange bureaus);
indicators of abnormality, etc.
In view of increasing the number and enhancing the quality of reporting
of doubtful activities, during 2011, the Bank of Albania engaged in close
cooperation with the General Directorate for the Prevention of Money
Laundering. This cooperation consisted in the conduct of joint examinations,
which focused on the categorization, identification of doubtful transactions
and activities, and more frequent trainings of these entities, in order to raise the
staff’s awareness and professionalism and further improve the identification of
doubtful activities.
56
Bank of Albania
2011
2.2.2 Public Transparency
Transparency and information disclosure were one of the areas under reform
in 2011, both in terms of the regulatory framework and the steps required to
comply with the new requirements arising from these regulatory amendments.
The amendments to the Bank of Albania’s regulations on transparency,
approved in March 201115, were indispensable. They sought to create a more
adequate business climate for banks and higher public protection.
However, while certain areas like deposits and accounts, disclosure and
customer complaints are generally considered to be less problematic, loan
contracts need further improvement. Although the contents of a loan contract
are generally in accordance with the regulatory requirements in relation to
the included elements, the paragraph providing for the loan interest rate
remains problematic. A number of related complaints by bank customers
were submitted to the Bank of Albania in 2011. This concern has also been
the focus of the central bank’s examination of transparency and has pushed
the Bank of Albania to take measures in 2011, including in particular the
above-mentioned regulatory amendments.
In the meantime, banks were committed to complying with the new regulatory
requirements in the area of transparency and adopted their internal regulatory
framework in line with these amendments.
In the framework of the measures taken by the Bank of Albania, all banks
operating in the Republic of Albania have their official website that provides
information to the public.
In view of enhancing public transparency, in August 2011, the Bank of
Albania initiated the project for the standardization of banks’ reporting of
interest rates on loans and deposits, and commissions on banking products
and services. The testing process of reporting through the approved standard
forms of commissions and interest rates on loans and deposits began in the
third quarter of 2011. This process precedes the final publication of this
information on the Bank of Albania’s official website. The impact of this
project is expected to help and orient the consumers towards a better choice
that suits their financial conditions.
Concerning complaints, during 2011, the Supervision Department at the Bank
of Albania handled a number of complaints (about 30) about institutions
licensed and supervised by the Bank of Albania. In most cases, their solution
goes beyond the competences of the Bank of Albania as the bank-customer
relationship is regulated by written contracts and disputes arising from the
non-observance of their conditions are handled by the competent authority,
the Court. However, the raised concerns regarding institutions and customers
were handled duly.
15
The latest amendments to the Bank of Albania Regulations No. 5 of 11.02.2009 “On consumer
and mortgage lending to households” and No. 59 of 29.08.2008 “On the transparency for
banking and financial products and services”.
Bank of Albania
57
2011
Non-bank financial institutions have made satisfactory efforts to comply with
the Bank of Albania’s relevant regulatory requirements. However, on-site
examinations have identified concerns mainly related to the contents of loan
contracts; customer complaints’ management function and equipment of
customers with receipts (in the case of foreign exchange bureaus). The Bank
of Albania has, thereupon, made the relevant recommendations.
3. COOPERATION WITH OTHER AUTHORITIES
3.1 COOPERATION WITH FOREIGN AUTHORITIES
Cooperation with foreign authorities continued during 2011. Based on
cooperation agreements with several foreign supervisory authorities,
information on certain foreign banks operating in Albania has been prepared.
In addition, as a follow-up to the European Central Bank’s initiative for
the establishment of colleges of supervisors for all major European crossborder financial institutions in the EU, the Bank of Albania participated in the
colleges of supervisors hosted by the Bank of Greece during 2011. The Bank
of Albania has also held meetings with the Embassy of the United States of
America and has participated in training activities organized by the Spanish
Financial intelligence Unit, General Directorate for the Prevention of Money
Laundering (GDPML) and Albanian General Prosecutor’s Office.
3.2 COOPERATION WITH OTHER LOCAL AUTHORITIES
The Bank of Albania cooperated closely with the GDPML during 2011.
This cooperation did not only limit to the quarterly periodic reporting
to the GDPML on the implementation of the strategic document for the
investigation of financial crime, but it has also included a frequent exchange
of correspondence throughout the year between the Bank of Albania and the
GDPML. Worth noting here is the increase and efficiency of:
•
Joint examinations and activities in view of enhancing the supervisory
professional capacities and exchange of experience;
•
Trainings of entities in view of improving the operation of their relevant
activities and their compliance with the legal requirements;
•
Implementation of documents related to the strategy of fight against
organized crime, trafficking, terrorism etc.
During 2011, the Bank of Albania and the GDPML conducted 10 joint examinations
and 3 rounds of joint trainings in Tirana, Vlora, Shkodra, Durrës, etc.
On the other hand, there was an efficient cooperation with different institutions
monitoring specific activities of the financial market. The Bank of Albania
58
Bank of Albania
2011
has exchanged information and has carried out joint examinations with the
Albanian Financial Supervision Authority in insurance companies, in two
banks and one non-bank institution. The Bank of Albania has also cooperated
with the Albanian Competition Authority, mostly related to discussions and
exchange of correspondence on proposals and studies about the cost of
products and services provided by banks, which are addressed in the reports
of the Competition Authority.
Bank of Albania
59
2011
F. CREDIT REGISTRY
1. GENERAL INFORMATION
Year 2011, which marks the fourth year of the Credit Registry at the Bank
of Albania, was characterized by its enrichment with new institutions and a
wider range of products offered from the processing of Credit Registry data.
As at the end of 2011, a total of 725,265 loans were reported at the Credit
Registry, out of which 349,350 were active loans.
Given the entry of new financial institutions reporting their loan portfolio to
the Credit Registry, the number of loans reported to the system increased at
the end of 2011.
Table 37 Number of
loans reported to the
system
Year
2008
2009
2010
2011
Reported loans
262,368
291,137
320,813
349,350
Five other financial institutions will have the possibility to access additional,
immediate and reliable information on clients that will help their decisionmaking on a given loan or assess their performance during the duration of
the loan.
The expansion of the Credit Registry with new institutions over the years is also
reflected in its higher use and access by the reporting institutions.
Table 38 Number of
queries in the Credit
Registry from reporting
institutions
Year
2008
2009
2010
2011
2011
Banks
Non-bank institutions and Unions of SLAs
60
Queries in the Credit Registry from reporting
institutions
88,875
171,146
198,229
322,570
261,743
60,829
Bank of Albania
2011
The generation of the Borrower’s Report and the review of borrowers’ data
are two important processes of the Credit Registry.
Year
2008
2009
2010
2011
Applications for Borrower’s Report Applications for borrowers’ data review
139
34
198
15
368
13
505
18
The information generated from the Credit Registry also helps the Bank of
Albania for analyses and on-site examination purposes. To this end, during
2011, the Bank of Albania widened the range of reports generated periodically
or occasionally in order to contribute to the credit risk supervision process at
optimal levels.
2. INCLUSION OF FINANCIAL INSTITUTIONS
CONDUCTING FINANCIAL LEASING INTO THE CREDIT
REGISTRY
During 2011, the Credit Registry staff focused its efforts on checking if financial
institutions conducting financial leasing have met the requirements for joining the Credit Registry.
As at end-2011, 26 banking and financial institutions reported data on their
borrowers to the Credit Registry. The following new institutions conducting
financial leasing joined the Credit Registry in 2011:
1.
2.
3.
4.
5.
Raiffeisen Leasing sh.a.
Sogelease Albania sh.a.
Tirana Leasing sh.a.
Credins Leasing sh.a.
Landeslease sh.a.
The Credit Registry Office has intensively monitored the testing process of data
entry from the lending institutions that are soon expected to join the Credit
Registry. In addition, it has started to assess the technical and organizational
capacities of one non-bank financial institution licensed to conduct lending.
Bank of Albania
61
Table 39 Number
of applications for
borrower’s report and
borrowers’ data review
62
Credit
Registry
Office (3)
Alba Fagu
Head of
Office
Systemic
Banks
Supervision
Office (11)
Gerond Ziu
Head of
Office
Credit Risk
Supervision Division
Juna Bozdo
Head of Division
Small Banks
and NBFIs
Supervision
Office (6)
Jonida Prifti
Head of
Office
Portfolio Managers
Office
Elda Demneri
Jonida Kaçani
Manjola Mançe
Market Risk
and Liquidity
Supervision
Office (3)
Operational
Risk
Supervision
Office (3)
Compliance,
PML and
Transparency
Office (5)
Mirjana
Goxharaj
Head of Office
Non-Credit Risk
Supervision Division
Anjeza Harizaj
Head of Division
INDRIT BANKA
DIRECTOR
Regulation
Office (3)
Ermira Curri
Head of
Office
Lincensing
Office (3)
Supervision
Development Division
Miranda Ramaj
Deputy Director
Annex 1 Organisational chart of the Supervision Department
Methodology
and Analysis
Office (5)
2011
Bank of Albania
2011
Annex 2 Each Bank’s Specific Share in the
Banking System
December’11
Banks
(Indicator in %)
Raiffeisen Bank
United Bank of Albania
Veneto Banka
National Commercial Bank
Tirana Bank
International Commercial Bank
Intesa Sanpaolo Bank Albania
ProCredit Bank
Emporiki Bank Albania
National Bank of Greece
Alpha Bank Albania
First Investment Bank
Credit Bank of Albania
Credins Bank
Société Générale Albania Bank
Union Bank
Total
Bank of Albania
Total
Permabalance
nent
sheet resources
28.7
0.6
1.2
17.7
8.1
0.8
11.3
3.6
2.8
3.5
6.2
0.8
0.2
7.6
5.0
2.1
100
24.5
0.5
2.7
11.8
11.8
1.2
11.5
4.9
3.7
4.2
6.0
1.0
1.1
8.7
4.6
1.8
100
Shareholders’
equity
27.1
0.6
3.0
12.6
13.0
1.4
12.0
4.2
2.5
2.8
4.4
1.1
1.3
7.1
5.0
2.0
100
Out- Non-perstanding
forming
loans
loans
22.8
0.4
1.8
14.9
10.0
0.4
9.1
4.4
4.2
5.6
7.1
0.8
0.0
10.9
5.5
2.1
100
20.5
1.0
0.5
6.3
18.1
0.3
12.7
2.0
6.9
8.9
13.2
0.4
0.0
5.7
2.6
0.9
100
Treasury
Securities
bills
29.11
0.00
0.10
20.61
8.64
0.75
15.00
4.05
0.84
2.58
8.03
0.91
0.01
2.86
4.59
1.93
100
63
45.7
19.2
2.4
1.3
16.0
0.6
2.1
0.1
4.5
1.2
1.3
4.0
1.6
100
Total
deposits
29.8
0.5
0.9
18.4
7.5
0.7
11.6
3.5
1.4
3.3
6.7
0.8
0.0
7.7
5.1
2.1
100
2011
Annex 3 Assets and Liabilities
ASSETS (IN ALL MILLIONS)
CODE DESCRIPTION
1
TOTAL ASSETS
11
TREASURY AND INTERBANK TRANSACTIONS
111
Cash in hand
112
Transactions with the central bank
1121
Required reserve at the central bank
1122
Other
113
Treasury bills and other bills eligible for refinancing with the central bank
1131
Treasury bills
1132
Other bills eligible for refinancing
1133
Reserve funds for other eligible bills for refinancing with the central bank
114
Transactions with banks, credit institutions and other financial institutions
1141
Current accounts
1142
Deposits with banks, credit institutions and other financial institutions
1143
Loans
1144
Other
13
OPERATIONS WITH CUSTOMERS (GROSS)
131
Loans to private sector and individuals
1311
Short-term loans
1312
Medium-term loans
1313
Long-term loans
1314
Real estate loans
1315
Finance lease contracts
132
Loans to public administration
1321
Current accounts
1322
Loans
1323
Other accounts
133
Other customer accounts
14
SECURITIES TRANSACTIONS
141
Fixed income securities
142
Variable income securities
143
Securities purchased and sold under REPO
144
Paid collateral
145
Received premiums
15
PROVISIONS
151
Provisions for covering losses from loans (principal)
152
Provisions for covering losses from loans (accrued interest)
153
Investment provisions
16
OTHER ASSETS
161
Other assets
162
Agent transactions
163
Inter-office accounts
164
Suspense, difference and position accounts
1641
Suspense accounts
1642
Position accounts
165
Value added tax
17
FIXED ASSETS
171
Investment in participation equity
172
Affiliates
173
Fixed assets (net)
18
ACCRUED INTERESTS
181
Accrued interests (Class 1)
182
183
A
Total assets in foreign currency
B
Total assets of non-residents
64
December‘10
990,631.34
296,181.92
19,043.33
82,198.95
75,555.88
6,643.07
103,022.09
103,022.09
91,917.55
7,168.49
65,907.81
16,450.25
2,391.00
486,490.21
456,820.38
128,659.75
99,882.58
124,003.17
103,786.55
488.34
3,554.09
0
3,554.09
26,115.74
210,662.61
206,371.32
4,291.29
-37,384.62
-34,789.01
-1,342.61
-1,253.00
9,108.48
7,213.67
390.29
136.22
1,307.00
1,261.83
45.17
61.3
13,825.42
14.1
301.9
13,509.43
11,747.32
3,764.05
4,379.46
3,603.81
525,588.46
121,992.41
December’11
1,120,168.08
333,248.99
19,810.22
91,213.65
85,915.94
5,297.71
104,620.91
104,620.91
0.00
0.00
117,604.21
8,052.87
85,314.50
22,512.56
1,724.28
561,682.08
529,829.83
156,760.14
116,334.96
144,755.59
111,235.50
743.64
1,535.13
0.00
1,535.13
0.00
30,317.12
244,172.00
234,929.99
2,326.80
6,915.22
0.00
0.00
-58,793.82
-53,686.82
-1,371.57
-3,735.43
13,799.52
11,042.05
474.59
187.18
2,042.71
1,822.20
220.51
52.99
13,869.16
0.22
301.90
13,567.05
12,190.14
3,692.12
4,535.05
3,962.97
616,432.93
183,261.74
Bank of Albania
2011
LIABILITIES (IN ALL MILLIONS)
CODE DESCRIPTION
1
TOTAL LIABILITIES
11
TREASURY AND INTERBANK TRANSACTIONS
111
Central Bank
112
Treasury bills and other eligible bills
113
Current accounts
114
Deposits from banks and other financial institutions
115
Loans
116
Other
12
OPERATIONS WITH CUSTOMERS
121
Public administration
1211
Current accounts
1212
Demand deposits
1213
Time deposits
1214
Loans
1215
Other
122
Private sector
1221
Current accounts
1222
Demand deposits
1223
Time deposits
1224
Other
1225
Certificate of deposits
13
SECURITIES TRANSACTIONS
131
Debt represented by securities
132
Securities purchased and sold under REPO
133
Collateral on securities transactions
134
Premiums on financial instruments
14
OTHER LIABILITIES
141
Other liabilities
142
Agent transactions
143
Inter-office accounts
144
Difference and position pending accounts
1441
Difference accounts
1442
Position accounts
145
Value added tax
15
PERMANENT RESOURCES
151
Grants and public financing
152
Discretionary provisions
1521
Provisions for risk and expenses
1522
Discretionary provisions
153
Subordinated debt
154
1541
Paid-in capital
1542
Share premiums
1543
Reserves
1544
Revaluation difference
1545
Retained earnings (loss)
1546
Current year profit (loss)
16
ACCRUED INTERESTS
161
162
163
164
A
Total liabilities in foreign currency
B
Total liabilities of non-residents
Bank of Albania
December’10
990,631.34
61,235.01
490.37
13,001.32
2,800.26
13,318.10
30,375.17
1,249.80
805,041.39
6,610.47
5,639.37
697.11
273.99
798,430.92
130,484.60
40,480.09
615,423.39
12,042.84
7,522.30
4,511.21
1,313.30
359.9
1,337.04
1,302.32
34.72
0.86
104,822.87
14.14
6,268.39
5,832.62
435.77
5,401.97
93,138.37
70,741.97
3,703.45
8,486.40
1,618.88
1,872.57
6,715.11
12,009.77
230.37
11,692.80
86.6
505,202.84
48,379.31
65
December’11
1,120,168.08
72,127.43
1,760.85
25,430.51
2,957.75
16,274.84
24,254.33
1,449.15
911,209.61
5,219.31
4,193.59
0.93
591.90
432.90
0.00
905,990.30
133,225.56
41,933.48
718,881.65
11,949.61
0.00
0.00
0.00
0.00
0.00
0.00
10,164.68
5,361.07
2,230.66
238.82
2,325.78
2,308.19
17.59
8.35
113,395.55
13.96
6,965.57
6,487.32
478.25
9,111.31
97,304.71
82,803.92
4,180.10
13,639.57
2,292.00
-6,317.15
706.27
13,270.81
315.97
12,852.50
0.00
102.34
581,435.64
76,257.62
2011
Annex 4 Core Financial Indicators (in %, unless otherwise stated)
Indicator
Based on capital
Regulatory capital to risk-weighted assets
Tier 1 capital to risk-weighted assets
Tier 1 capital to total assets
Regulatory capital to total assets
Shareholders’ equity to total assets
Non-performing loans, net, of provisions to regulatory Tier 1 capital
Non-performing loans, net, of provisions to regulatory capital
Non-performing loans, net, of provisions to shareholders’ equity
Return on equity
Open foreign currency position to regulatory Tier 1 capital
Open foreign currency position to regulatory capital
Open foreign currency position to shareholders’ equity
Liquid assets to total assets
Liquid assets to short-term liabilities
Return on assets
Non-performing loans to total loans
Net interest income to gross income
Operating expenses to gross income
66
June’10 December’10
16.21
15.38
15.43
14.52
8.87
8.59
9.3
9.1
9.6
9.4
32.81
38.08
31.24
35.95
30.32
34.8
8.31
7.58
7.64
5.33
7.27
5.03
7.06
4.87
42.47
43.54
32.85
30.62
0.79
0.72
12.21
13.96
116.16
118.86
73.61
75.5
June’11 December’11
14.64
15.56
13.57
14.30
8.04
8.08
8.7
8.8
8.6
8.7
51.17
56.61
47.43
52.01
47.62
52.64
1.22
0.76
4.02
4.29
3.73
3.94
3.74
3.99
43.77
43.88
30.24
33.15
0.11
0.07
17.00
18.77
146.64
147.74
88.39
91.29
Bank of Albania
2011
Annex 5 Data on banks’ shareholders (as at
31 December 2011)
Capital
origin
Home
Private
Foreign
Austria
100
Private
Foreign
Turkey
Islamic Development Bank (IDB)
Jeddah
55.00
Private
Foreign
Saudi Arabia
Shamil Bank of Bahrein
20.00
Private
Foreign
Dallah Albaraka Holding
Business Fokus SDN BHD
Individuals
Saudi Brothers Commerce Co.
10.00
6.34
6.17
2.50
Private
Private
Individual
Private
Foreign
Foreign
Foreign
Foreign
Kingdom of
Bahrain
Saudi Arabia
Malaysia
Saudi Arabia
Saudi Arabia
INTESA SANPAOLO BANK
ALBANIA
Intesa Sanpaolo S.p.A (ISP)
98.61
Private
Foreign
Italy
1.39
Private
Foreign
Italy
TIRANA BANK
Societa Italiana per le Imprese
all’Estero S.p.a (SIMEST)
Piraeus Bank
Dafnila Sa
Individual
96.70
1.30
2.00
Private
Private
Individual
Foreign
Foreign
Foreign
Greece
Greece
Greece
National Bank of Greece
100.00
Private
Foreign
Greece
Alpha Bank, Greece
Veneto Banca Holding S.c.p.A.
ProCredit Holding A.G.
Commerzbank AG
100.00
100.00
80.00
20.00
Private
Private
Private
Private
Foreign
Foreign
Foreign
Foreign
Greece
Italy
Germany
Germany
Financial Group ICB Holding
100.00
Private
Foreign
Switzerland
Emporiki Bank, Greece
3 individuals
13 individuals
BUSHATI Ltd.
100.00
100.00
74.34
0.32
Private
Foreign
Private
Foreign
Private Domestic
Private Domestic
Greece
Kuwait
Albania
Albania
The
Netherlands
Equity
Ownership
share in %
No Banks
Shareholders
1.
RAIFFEISEN BANK
Raiffeisen International BankHolding AG
100
2.
NATIONAL COMMERCIAL
BANK
Çalik Finansal Hizmetler A.S.
3
UNITED BANK OF ALBANIA
4
5
6
7
8
9
10
11
12
13
NATIONAL BANK OF GREECE
(TIRANA BRANCH)
ALPHA BANK - ALBANIA
VENETO BANK
PROCREDIT BANK
INTERNATIONAL
COMMERCIAL BANK
EMPORIKI BANK - ALBANIA
CREDIT BANK OF ALBANIA
CREDINS BANK
B.F.S.E. Holding B.V.
State Secretariat for Economic
Affairs (SECO)
14
15
16
SOCIÉTÉ GÉNÉRALE ALBANIA
SOCIÉTÉ GÉNÉRALE
(FORMER BANKA POPULLORE)
8 individuals
European Bank for Reconstruction
UNION BANK
and Development (EBRD)
Financial Union of Tirana
2 individuals
FIRST INVESTMENT BANK,
First Investment Bank, Bulgaria
ALBANIA
Bank of Albania
22.17
Private
Foreign
3.17
Public Private
Foreign
Switzerland
87.47
Private
Foreign
France
12.53
Private Domestic
12.50
Private
83.13
4.38
Private Domestic
Private Domestic
Albania
United
Kingdom
Albania
Albania
Private
Bulgaria
100.00
67
Foreign
Foreign
2011
Annex 6 Geographic distribution of
branches and banking agencies within the
territory of the Republic of Albania, as at
end-2011, by prefectures
Prefectures
Berat
Dibra
Durrës
Elbasan
Fier
Gjirokastra
Korça
Kukës
Lezha
Shkodra
Tirana
Vlora
TOTAL
BR
6
3
8
9
8
7
9
3
5
5
32
8
103
BKT BBSH
2
1
6
1
4
3
1
2
3
1
3
4
1
23
3
5
57
6
68
BV
1
1
1
1
4
1
9
BT DBKG BNT DBA
1
1
3
2
6
2
1
3
3
1
3
4
2
2
4
3
1
4
5
3
3
1
1
1
3
1
2
2
1
2
24
12
6
15
4
2
4
56
27
9
46
BISP BPC
2
5
6
1
2
2
3
1
1
1
4
1
1
2
1
2
17
15
2
3
31
41
BE BKSH BC BSG
1
2
2
2
2
6
3
1
1
3
2
3
5
2
3
1
1
4
1
2
1
3
1
1
2
10
2 21
13
3
1
2
4
24
3 40
44
BU
2
3
1
3
2
1
2
1
13
1
29
BPI TOTAL
1
21
10
1
54
1
30
1
44
24
1
37
10
0
26
1
25
2
212
1
41
9
534
Bank of Albania
2011
ANNEX 7 LIST OF BANKING SUPERVISION
REGULATIONS IN FORCE AS AT DECEMBER 2011
1- Regulation “On the size and fulfilment of minimum initial capital for permitted activities
of licensed banks and branches of foreign banks”, approved by the Supervisory Council
Decision No. 51 of 22/04/1999.
2 - Regulation “On capital adequacy ratio”, approved by the Supervisory Council
Decision No. 58 of 05/05/1999 and amended by the Supervisory Council Decisions
No. 86 of 07/11/2001, No. 72 of 11/09/2002, No. 30 of 16/04/2003, No. 82 of
08/10/2003, No. 22 of 24/03/2004, No. 46 of 08/06/2005, No. 7 of 31/01/07,
No. 63 of 29/08/2008, No. 89 of 22/12/2010 and No. 63 of 14/09/2011.
3 - Guideline “On regulatory capital”, approved by the Supervisory Council Decision
No. 57 of 05/05/1999, and amended by the Supervisory Council Decisions No. 21 of
24/03/2004, No. 45 of 08/06/2005 and No. 70 of 12/09/2006.
4 - Regulation “On market risks”, approved by the Supervisory Council Decision No. 72
of 02/06/1999, amended by the Supervisory Council Decision No. 98 of 19/12/2001.
5 - Guideline “On interest rate risk management”, approved by the Supervisory Council
6 - Regulation “On bank’s investments in the equity of commercial companies”, approved
by the Supervisory Council Decision No. 42 of 06/06/2001.
7 - Guideline “On certificates of deposits”, approved by the Supervisory Council Decision
No. 79 of 03/10/2001.
8 - “Manual on corrective actions to banks and branches of foreign banks in the Republic
of Albania”, approved by the Supervisory Council Decision No. 51 of 26/06/2002.
9 - Regulation “On licensing of savings and loan associations and their unions” approved
by the Supervisory Council Decision No. 11 of 27/02/2002, and amended by Decision
No. 09 of 12/02/2003.
10 – Regulation “On operational risk management”, approved by the Supervisory
Council Decision No. 3 of 19/01/2011.
11 - Regulation “On authorized chartered auditors of banks and branches of foreign
banks”, approved by the Supervisory Council Decision No. 42 of 15/06/2011.
12 - Guideline “On reporting of foreign exchange operations”, approved by the
Supervisory Council Decision No. 69 of 30/07/2003.
13 - Regulation “On credit risk management”, approved by the Supervisory Council
14 - Regulation “On supervision of savings and loan associations and their unions”,
approved by the Supervisory Council Decision No. 43 of 08/06/2005, and amended
by Decision No. 68 of 13/09/2006 and Decision No. 65 of 29/09/2010.
15 – “The reporting system of savings and loan associations and their unions” approved
Bank of Albania
69
2011
16 - Regulation “On supervision of electronic banking transactions”, approved by the
Supervisory Council Decision No.28 of 30/03/2005.
17 - Regulation “On consolidated supervision of banks”, approved by the Supervisory
18 - Regulation “On use of information and communication technology in entities
licensed by the Bank of Albania”, approved by the Supervisory Council Decision No.
32 of 03/05/2006.
19 - Unified Reporting System on Branches of Foreign Banks, approved by the Supervisory
20 - Regulation “On licensing, organization and supervision of foreign exchange
bureaus”, approved by the Supervisory Council Decision No. 31 of 06/06/2007 and
amended by Decision No. 73 of 27/11/2007 and Decision No. 82 of 14/12/2011.
21 - Regulation “On the management of risk in the activity of branches of foreign banks”,
approved by the Supervisory Council Decision No. 57 of 15/10/2007 and amended
by Decision No. 62 of 29/08/2008.
22 - Regulation “On internal audit system at banks and branches of foreign banks”,
approved by the Supervisory Council Decision No. 24 of 26/03/2008.
23 - Regulation “On managing risks arising from large exposure of banks” approved by
the Supervisory Council Decision No. 31 of 30/04/2008, amended by Decision No. 72
of 07/10/2008, Decision No. 46 of 10/06/2009 and Decision No. 65 of 22/12/2010.
24 - Regulation “On transparency for banking and financial products and services”,
approved by the Supervisory Council Decision No. 59 of 29/08/2008 and amended
by Decision No. 14 of 09/03/2011.
25 - Regulation “On the minimum requirements for disclosure of information by banks
and branches of foreign banks”, approved by the Supervisory Council Decision No. 60
of 29/08/2008.
26 - Regulation “On minimum technical and security conditions of work premises in
which are conducted banking and financial activities”, approved by the Supervisory
27 - Regulation “On consumer and mortgage lending to households”, approved by
the Supervisory Council Decision No. 5 of 11/02/2009 and amended by Decision No.
13 of 09/03/2011.
28 - Regulation “On granting a license to non-bank financial institutions to conduct
activity”, approved by the Supervisory Council Decision No. 11 of 25/02/2009 and
amended by Decision No. 43 of 15/06/2011.
29 - The document “Licensing policy of banking entities”, approved by the Supervisory
30 - Regulation “On granting a licence to banks and branches of foreign banks to conduct
banking business in the Republic of Albania” approved by the Supervisory Council
Decision No. 14 of 11/03/2009 and amended by Decision No. 33 of 11/05/2011.
31 - Regulation “On core management principles of banks and branches of foreign
banks and the criteria for approving their administrators” approved by the Supervisory
70
Bank of Albania
2011
32 - Regulation “On prevention of money laundering and financing of terrorism”
approved by the Supervisory Council Decision No. 44 of 10/06/2009.
33 - Regulation “On foreign exchange activity”, approved by the Supervisory Council
34 - Regulation “On liquidity risk management”, approved by the Supervisory Council
Decision No. 71 of 14/10/2009 and amended by Decision No. 75 of 26/10/2011.
35 - Regulation “On the management of risk in the activity of non-bank financial
institutions”, approved by the Supervisory Council Decision No. 25 of 24/03/2010 and
amended by the Supervisory Council Decision No. 90 of 22/12/2010.
36 - The reporting system for non-bank financial institutions, approved by the Supervisory
37 - Regulation “On defining the decision-making level in the supervision of banking
and financial activities”, approved by the Supervisory Council Decision No. 36 of
26/05/2010.
38 - Regulation “On management of risk from open foreign currency positions”, approved
39 - Regulation “On the content of information and functioning of Credit Registry at the
Bank of Albania”, approved by the Supervisory Council Decision No. 67 of 13/10/2010.
40 - Guideline “On the procedure for issuing a report on the borrower and reviewing
data retained at the Credit Registry”, approved by the Supervisory Council Decision
No. 68 of 13/10/2010.
41 - Manual “On conservatorship and liquidation”, approved by the Decision of the
First Deputy Governor of the Bank of Albania on 31/12/2010.
Bank of Albania
71
2011
ANNEX 8 BANKS AND BRANCHES OF FOREIGN
BANKS LICENSED BY THE BANK OF ALBANIA
RAIFFEISEN BANK SH.A.
Licence No. 2/1998, dated 11.01.1999
Approved by the Bank of Albania Supervisory Council Decision No. 163, dated
11.12.1998
Certificate No. 2 “On Deposit Insurance”
Director: Christian CANACARIS
Address: Bulevardi “Bajram Curri”, Qendra Tregtare Evropiane, Tirana
Tel.: +355 4 2274 910
Fax: +355 4 2275 599
Website: www.raiffeisen.al UNITED BANK OF ALBANIA SH.A.
Licence No. 3/1998, dated 11.01.1999
11.12.1998
Director: Hikmet GÜLER
Address: Rruga e Durrësit, Sheshi tek Zogu i Zi, Godina Teknoprojekt, P.O. BOX
128, Tirana
Tel.: +355 4 2228 460 / 2223 873 / 2227 408
Fax: +355 4 2228 460 / 2228 387
Website: www.uba.com.al VENETO BANKA SH.A.
Licence No. 5/1998, dated 11.01.1999
11.12.1998
Director: Lucio Luigi GAITA
Address: Bulevardi “Dëshmorët e Kombit”, Ndërtesa Kullat Binjake, Tirana
Tel.: +355 4 2280 555.
Fax: +355 4 2280 356.
Website: www.venetobanka.al
NATIONAL COMMERCIAL BANK SH.A.
Licence No. 6/1998, dated 11.01.1999
11.01.1999
Director: Seyhan PENCABLIGIL
Address: Bulevardi “Zhan D’Ark” Tirana
Tel.: +355 4 2250 955
Fax:
+355 4 2250 956
Website: www.bkt.com.al TIRANA BANK SH.A.
Licence No. 07, dated 12.09.1996
72
Bank of Albania
2011
Approved by the Bank of Albania Supervisory Council Decision No. 9, dated 12.09.1996
Director: Georgios CHARALAMPAKIS
Address: Rruga “Dëshmorët e 4 Shkurtit”, Tirana
Tel.: +355 4 2269 616 / 7 / 8, +355 4 2233 441 / 42 / 43 / 44 / 45 /
46 / 47
Fax: +355 4 2233 417 / 2369 707.
Website: www.tiranabank.al
NATIONAL BANK OF GREECE, TIRANA
Director: Ioannis KOUGIONAS
Address: Rruga e Durrësit, Godina Comfort, Tirana
Tel.: +355 4 2274 802 / 2274 822
Fax: +355 4 2233 613
INTERNATIONAL COMMERCIAL BANK SH.A.
Licence No.09, dated 20.02.1997
Certificate nr.8 “On Deposit Insurance”
Director:Gideon van den BROEK
Address:
Qendra e Biznesit, Rruga “Murat Toptani”, Tirana
Tel.:
+355 4 2254 372 / 2256 254
Tel/Fax:
+355 4 2254 368
ALPHA BANK – ALBANIA
Approved by the Bank of Albania Supervisory Council Decision No. 01/03/96, dated
27.12.1997
Director: Andreas GALATOULAS
Address: Rruga e Kavajës, G–KAM Business Center, kati II, Tirana
Tel.: +355 4 2278 500
Tel/Fax: +355 4 2232 102
INTESA SANPAOLO BANK ALBANIA SH.A.
10.08.1998
Director: Stefano FARABBI
Address: Rruga “Ismail Qemali”, Nr. 27, P.O. BOX 8319, Tirana
Tel.: +355 4 2248 753 / 4 / 5 / 6, +355 4 2276 000
Fax: +355 4248 762
Website: www.intesasanpaolobank.al PROCREDIT BANK SH.A.
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Director: Address: Tel.: Fax: E-mail: Website: Flutura VEIPI
Rruga e Durrësit, Laprakë, Tirana
+355 4 2 389 300
+355 4 2 233 918
[email protected]
www.procreditbank.com.al
EMPORIKI BANK – ALBANIA SH.A.
Approved by the Bank of Albania Supervisory Council Decision No.105, dated
19.10.1999
Director: Luc BEISO
Address: Rruga e Kavajës, Nr. 59, “Tirana Tower”, Tirana
Tel.: +355 4 2258 755 / 56 / 57 / 58 / 59 / 60
Fax: +355 4 2258 752
Website: www.emporiki.com.al CREDIT BANK OF ALBANIA SH.A.
Director:
Sherine KAMEL
Address: Rruga Perlat Rexhepi, Al-Kharafi Group Administration Building, Kati
1 & 2, Tirana
Tel.: +355 4 2272 168, +355 4 2272 162
Fax:
+355 4 2272 162
CREDINS BANK SH.A.
Director:
Artan SANTO
Address: Rruga “Ismail Qemali”, Nr. 21, Tirana
Tel.: +355 4 2234 096
Fax: +355 4 2222 916
Website: www.bankacredins.com
SOCIÉTÉ GÉNÉRALE ALBANIA BANK SH.A.
Director:
Hubert de SAINT JEAN
Address: Bulevardi “Dëshmorët e Kombit”, Kullat Binjake, Kulla 1, Kati i 9-të,
Tirana
Tel.: +355 4 2280 442 / 3
Fax: +355 4 2280 441
Mobile: 068 (69) 20 60 974
E-mail:[email protected]
Website: www.bpopullore.com
UNION BANK SH.A.
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28.12.2005
Director:Gazmend KADRIU
Address: Bulevardi “Zogu I”, pallati 13-katësh, përballë Stacionit të Trenit, Tirana
Tel.: +355 4 2250 653 / 2258 081
Fax: +355 4 2272 880
Website: www.unionbank.com.al
FIRST INVESTMENT BANK, ALBANIA SH.A.
Director:
Bozhidar TODOROV
Address: Bulevardi “Dëshmorët e Kombit”, Kullat Binjake, Kulla 2, Kati 14, Tirana
Tel.: +355 4 2276 702 / 3
Fax:
+355 4 2280 210
Website: www.fibank.al
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Annex 9 NON-BANK FINANCIAL INSTITUTIONS
FINANCIAL UNION OF TIRANA LTD
Licence No. 1, dated 08.12.1999 to carry out the following financial activities:
- Provide payment and receivable services;
- Provide intermediation services in monetary transactions;
- Act as a financial agent or advisor.
Director:
Elton Çollaku
Address:
Bulevardi “Zogu I”, pallati EDICOM, përballë Stacionit të Trenit, Tirana
Tel.:
+355 4 2250 653
Fax:
+355 4 2250 654
Website: www.unionifinanciar.com
ALBANIAN POST OFFICE SH.A.
Licence No. 3, dated 18.04.2001 as a “Non-bank financial institution” to carry out the
following financial activities:
Provide payment and receivable services;
Act as a financial agent or advisor.
Director:
Arqile Goreja
Address: Rruga “Reshit Çollaku”, Nr. 4, Tirana
Tel.:
++ 355 4 2258 828
Fax: ++ 355 4 2259 770
Website:www.postashqiptare.al
CREDINS LEASING SH.A.
Licence No. 04, dated 13.06.2001 as a non-bank financial institution to carry out the
Extend loans;
Provide intermediation for monetary transactions (foreign currency included);
Provide guarantees;
Act as a financial agent or advisor (excluded herein the services set forth in paragraphs
3/a and 3/b of Article 26 of the Law “On Banks in the Republic of Albania”);
Provide financial leasing (approved by Governor’s Order No. 2826, dated 24.05.2007).
Director:
Fatmir SULO
Address: Rruga “Nikolla Tupe”, Nr. 5, Tirana
Tel.: +355 4 234096
Fax: +355 4 222916.
Website: www.credins.com
AK-INVEST SH.A.
Provide intermediation for monetary transactions (foreign currency included);
Act as a financial agent or advisor;
Provide all forms of lending.
Director:
Ilir Adili
Address: Rruga “Ded Gjo Luli”, Nr.2/3, Tirana
Tel.:
+355 42240 147
Fax: +355 4 2274 743
Website:www.ak-invest.net
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NOA SH.A. (Former OPPORTUNITY ALBANIA SH.A.)
Extend loans;
Accept and manage payment instruments;
Carry out foreign exchanges for its account;
Provide other guarantees (other than bank guarantees).
Director:
Irma Shkrepa
Address: Sheshi “Karl Topia”, kompleksi 127, kulla 3, Tirana
Tel.:
+355 4 2268 180 / 2246 267
Fax: +355 4 2246 268.
Website: www.opportunity-albania.com
BESA FUND SH.A.
- Extend lending of all types, including consumer and mortgage lending;
- Provide guarantees and receive commitments;
- Provide advisory, intermediation and other auxiliary services related to the above-listed
activities.
Director:
Bajram Muça
Address: Rruga “Brigada VIII”, pallati 5, pranë ish-bllokut, Tirana
Tel.:+355 4 2253 841 / 2252 913
Fax: +355 4 2253 836.
Website: www.fondibesa.com
FIN-AL LTD
Licence No. 11, dated 20.02.2009 as a non-bank financial institution to carry out:
Financial leasing
Administrator: Emin Barçi
Address: Rruga “Pjetër Budi”, pallati Rogert, ambient tregtar, kati II, Tirana
Tel/Fax: +355 4 2348 048
FIRST ALBANIAN FINANCIAL DEVELOPMENT COMPANY – FAF SH.A.
- Extend lending of all types, including consumer and mortgage lending;
- Provide guarantees and receive commitments;
- Provide advisory, intermediation and other auxiliary services related to the above-listed
activities.
Director:
Bajram Korsita
Address: Rruga “Dervish Hima”, Vila nr. 4, Tirana
Tel.:
+355 4 2232 937 / 2224 638.
Fax: +355 4 2226 027
RAIFFEISEN LEASING SH.A.
Financial leasing
Director:
Ankleida Shehu
Address: Bulevardi “Bajram Curri”, ETC, kati 10, Tirana
Tel.: +355 4 2274 920
Mobile: +355 68 20 96346
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Website: www.raiffeisen-leasing.al
TIRANA LEASING SH.A.
Financial leasing
Director:
Fatos Aliaj
Address: Rruga “Dëshmorët e 4 Shkurtit”, nr. 1/1 (pranë Tirana Bank), Tirana
Tel.: +355 4 2258 458 / 479
EASYPAY LTD (Former ISCS LTD)
Payment and money transfer services.
Director:Lindita Shomo
Address: Rruga “Dëshmorët e 4 Shkurtit”, kompleksi “Green Park”, kulla 1, kati
5-të, Tirana
Tel.: +355 4 2264982
Fax: +355 4 2278950
Mobile: +355 682053631
LANDESLEASE SH.A.
Financial leasing
Director:
Altin Saliasi
Address: Rruga “Themistokli Germenji”, Pallati Sefbi, nr. 10, Tirana
Tel.: + 355 4 2271050
Fax: + 355 4 2251038
Mobile: +355 692084360
VISIONFUND ALBANIA LTD
Microcredit activity
Director:
Rusudan KHARABADZE
Address: Rruga “Dëshmorët e 4 Shkurtit”, pallati 26, kati III, P.O. Box 1725,
Tirana
Tel.: + 355 4 2248 668
Fax: + 355 4 2248 668
Mobile: +355 684070183
SOGELEASE ALBANIA SH.A.
Financial leasing
Director:
Alkion Elezi
Address: Bulevardi “Dëshmorët e Kombit”, Holli i Kullave Binjake, kati III, Tirana
Tel.: +355 4 2280442
CAPITAL INVEST SH.A.
Microcredit activity
Director:
Myslym Nela
Address: Rruga “Sheh Ahmet Pazari”, Pall. 2/1, Tirana
Tel.: +355 4 2363 003
Fax: +355 4 2363 003
Mobile: 0682006225
Website: www.capitalinvest-ifm.com
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TRANZIT LTD
following financial activity:
- Extend lending of all types
Director:
Andi Ballta
Address: Rruga “Dëshmorët e 4 Shkurtit”, Sky Tower, kati 7, apt. 2, Tirana
Tel.: +355 4 2247022
ALBANIAN FACTORING SERVICES (AFS) SH.A.
Factoring;
Provide advisory, intermediation and other auxiliary services related to factoring.
Director:Gert Peshkatari
Address: Rruga “Abdyl Frashëri”, seksioni B, pallati Hekla, apt. 1, kati i dytë,
Tirana
Tel.: +355 4 2254057
Fax: +355 4 2400359
Website: www.factoringalbania.al
M-PAY LTD
Payment and money transfer services.
Director:Ludovic Laventure
Address: Bulevardi “Dëshmorët e Kombit“, Kullat Binjake, Kulla 1/11, Tirana
Tel.: +355 4 2280 469
Fax: +355 4 2280 467 E-mail: [email protected]
Website: www.mpay.al
OMNIFACTOR LTD
Factoring;
Provide advisory, intermediation and other auxiliary services related to factoring.
Director:Genci Kushta
Address: Rruga e Kavajës, Qendra e biznesit GKAM, Tirana
Tel.: +355 4 2230 193 / 2222 413
Fax: +355 4 2230 193
Website: www.omnifactor.al
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ANNEX 10 UNIONS OF SAVINGS AND CREDIT
ASSOCIATIONS
UNION OF SCAs JEHONA (USCA JEHONA), TIRANA
Licence No.1, dated 27.06.2002
Address: Rruga “Kajo Karafili”, nr.26/3, Tirana
Chairman of the Board of Directors: Paskal Vogli
Executive Director: Elvana Sharkaj
Tel.: +355 4 2224 469 / 2269 450
UNION OF SCAs ASCU, TIRANA
LicenceNo. 2, dated 09.08.2002
Address:
“Zayed Business Center”, Rruga “Sulejman Delvina”, Tirana e Re,
Tirana
Chairwoman of the Board of Directors: Zana Konini
Executive Director: Zana Konini
Tel.: +355 4 2251 910
SAVINGS AND LOAN ASSOCIATIONS
MËSUESI SLA, Tirana
Chairwoman of the Board of Directors: Ylvie KOSTRECI
Member of USCA JEHONA
RIZGJIMI SLA, Tirana
Licence No2, dated 01.07.2002
Chairman of the Board of Directors: Sabri SKENDERI
AFADA SLA, Tirana
BLETËRRITËSIT SLA, Korça
BREGAS SLA, Korça
FITORJA SLA, Prrenjas
GRAMSHI SLA, Lushnje
HABA SLA, Tirana
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KANDAVIA SLA, Librazhd
KORÇARJA SLA, Korça
KRUJA SLA, Kruja
METAJ SLA, Fier
ORIK SLA, Vlora
RINGJALLJA SLA, Vlora
SHËNDETI SLA, Tirana
SHKËNDIJA SLA, Elbasan
SYNEI SLA, Kavaja
TEUTA SLA, Durrës
URA E KUÇIT SLA, Berat
VOLOREKA SLA, Pogradec
YLLI I KUQ SLA, Korça
VELCE SLA, Vlora
Member of ASCU
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KALLM SLA, Fier
Member of ASCU
MOLLAS SLA, Elbasan
Member of ASCU
GJINAR SLA, Elbasan
Member of ASCU
KUQAN SLA, Elbasan
Member of ASCU
SHUSHICE SLA, Elbasan
Member of ASCU
BESTROVE SLA, Vlora
Member of ASCU
SHALES SLA, Elbasan
Member of ASCU
OSHETIME SLA, Vlora
Licence No. 52 dated 23.09.2002
Member of ASCU
BABICE E VOGEL SLA, Vlora
Licence No. 53 dated 23.09.2002
Member of ASCU
NOVOSELE SLA, Vlora
Member of ASCU
ROMANAT SLA, Durrës
Member of ASCU
JUBE SLA, Durrës
Member of ASCU
ARDENICE SLA, Lushnje
Member of ASCU
VAJKAN SLA, Fier
Member of ASCU
LLAKATUND SLA, Vlora
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Member of ASCU
GRABIAN SLA, Vlora
Member of ASCU
MAZREK SLA, Tirana
Member of ASCU
MUSTAFA KOÇAJ SLA, Tirana
Member of ASCU
SHPAT ISUF MUCAJ SLA, Tirana
Member of ASCU
PINAR SLA, Tirana
Member of ASCU
FUSHAS MUMAJES SLA, Tirana
Member of ASCU
QEHA SLA, Tirana
Member of ASCU
DOBRESH SLA, Tirana
Member of ASCU
69. SHOQËRIA E KURSIM-KREDITITSHILBATER Tiranë,
INIBA SLA, Tirana
Member of ASCU
FUSHE-PREZE SLA, Tirana
Member of ASCU
MËNIK SLA, Tirana
Member of ASCU
ZALL-HERR SLA, Tirana
Member of ASCU
BARËZEZ SLA, Tirana
Member of ASCU
PETRELË SLA, Tirana
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Member of ASCU
PINET SLA, Tirana
Member of ASCU
BERZHITE SLA, Tirana
Licence No. 81, dated 25 .09.2002
Member of ASCU
MARIKAJ SLA, Tirana
Member of ASCU
ALLGJATË SLA, Tirana
Member of ASCU
BUBULLIMË SLA, Lushnje
Member of ASCU
GORRE SLA, Lushnje
Member of ASCU
DRITHAS SLA, Vlora
Member of ASCU
PALASE SLA, Vlora
Member of ASCU
MAMINAS SLA, Durrës
Member of ASCU
PANAJA SLA, Vlora
Member of ASCU
GJERGJAN SLA, Elbasan
Member of ASCU
GRAMSH SLA, Gramsh
Member of ASCU
FIER 2002 SLA, Fier
LESHNICE SLA, Pogradec
Member of USCAJEHONA
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TREGAN SLA, Elbasan
Member of ASCU
BELESH SLA, Elbasan
Member of ASCU
LUZI I MADH SLA, Kavaja
Member of ASCU
BAGO SLA, Kavaja
Member of ASCU
RADE SLA, Durrës
Member of ASCU
HAMALLAJ SLA, Durrës
Member of ASCU
TIRANA KREDIT SLA, Tirana
FIER SEMAN SLA, Lushnja
Member of ASCU
FRAKULL E MADHE SLA, Fier
Member of ASCU
DAULLAS SLA, Fier
Member of ASCU
KALLM I VOGEL SLA, Fier
Member of ASCU
LEKAJ SLA, Kavaja
Member of ASCU
ALLKAJ SLA, Lushnja
Member of ASCU
Merged with TOSHKËZ SLA (shkr. 8431/1, dt. 19.11.2008).
KAFARAJ SLA, Fier
Licence No. 118, dated 19.02.2003.
Member of ASCU
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GOSË SLA, Kavaja
Member of ASCU
HIMARË SLA, Vlora
Member of ASCU
KOTE SLA, Vlora
Member of ASCU
ARMEN SLA, Vlora
Member of ASCU
PERLAT SLA, Durrës
Member of ASCU
REMAS SLA, Lushnja
Member of ASCU
MIZE SLA, Lushnja
Member of ASCU
DUKAT-RADHIME SLA, Vlora
Member of ASCU
MJELLMA-HUDENISHT SLA, Pogradec
GJEÇ KODËR SLA, Tirana
Member of ASCU
MËRTISH SLA, Lushnja
Member of ASCU
KUKUR SLA, Gramsh
Member of ASCU
VAQARR SLA, Tirana
Member of ASCU
DARZEZE SLA, Fier
Member of ASCU
SPILLE SLA, Kavaja
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Member of ASCU
JADORA SLA, Shkodra
QARR - BISHAN SLA, Fier
Member of ASCU
KRUTJE SLA, Lushnja
Member of ASCU
TIRONA SLA, Tirana
Member of ASCU
SHKAFANE SLA, Durrës
Member of ASCU
LIBRAZHD SLA, Librazhd
Member of ASCU
HELMAS SLA, Kavaja
Member of ASCU
LUKOVE SLA, Vlora
Member of ASCU
ÇERME SLA, Lushnja
Member of ASCU
ELBASAN SLA, Elbasan
Member of ASCU
DYRRAH SLA, Durrës
Member of ASCU
SEMAN SLA, Fier
Member of ASCU
PAJOVA E RE SLA, Elbasan
Member of ASCU
MALI I BARDHË SLA, Berat
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Member of ASCU
BASHKËSIA SLA, Durrës
Member of ASCU
DRINI 2 SLA, Shkodra
Member of ASCU
NIKELI SLA, Elbasan
Member of ASCU
URA E MESIT SLA, Shkodra
Member of ASCU
DARCI SLA, Kavaja
Member of ASCU
S.V.A.-08 SLA, Fier
Member of ASCU
DARSIA SLA, Peqin
Member of ASCU
GURI I MIRË SLA, Kuçova
Member of ASCU
ITEA A.E.F. SLA, Fier
Member of ASCU
TARABOSHI AM SLA, Shkodra
Member of ASCU
BESNIKRIA MALESISE SLA, Shkodra
Member of ASCU
BREGU LIQENIT SLA, Pogradec
Member of ASCU
ITITOSUMI-ALBANIA-2009 SLA, Berat
Licence No. 170 date 26.06.2009
Member of ASCU
GAJTANI 09 SLA, Shkodra
Member of ASCU
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LAPARDHA 2009 SLA, Berat
Member of ASCU
LUSHNJA 2010 SLA, Lushnja
Member of ASCU
ÇËRRAVË 2010 SLA, Pogradec
Member of ASCU
FIER FINC. RUR SLA, Fier
Member of ASCU
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Annex 11 FOREIGN EXCHANGE BUREAUS (FXB)
JOARD FXB LTD., TIRANA
Licence:
No. 1, dated 01.10.1999.
Address:
Rruga “Ded Gjon Luli” Nr.2, Tirana.
Cambists:
Josif Kote, Pajtim Kodra
Tel.:
04 2233 158
AMA FXB LTD., DURRËS
Licence:
No. 2, dated 01.10.1999.
Address:
Office 1:Lagja nr. 9, rruga “Aleksandër Goga”, pallati nr. 530 (pranë
Muzeut të Dëshmorëve), Durrës
Office 2:Lagja nr. 4, rruga “9 Maji”, godinë 4 katëshe, kati I, Durrës
Cambists:
Mirlinda Ceka, Idlir Hoxha
Tel.:
052 225183 / 228088
Fax:
052 230670
Mobile:0682033030
Acting as money transfer agent for the account of “Financial Union
Tirana” Ltd.
ARIS FXB LTD., TIRANA
Licence:
No. 3, dated 01.10.1999.
Address:
Rruga “Luigj Gurakuqi”, ndërtesa 1, H3, njësia bashkiake 2, kodi
postar 1017, Tirana
Cambist:
Ardian Goci
Tel.:
04 2248 867 / 2235 075
Mobile:0682026839
UNIONI FINANCIAR TIRANË FXB LTD.
Licence:
No. 4, dated 01.10.1999.
Address:
Bulevardi “ZOG I”, pallati EDICOM, përballë Stacionit të Trenit, Tirana
Executive Director: Elton ÇOLLAKU
Cambist:
Mimoza Lushnjaku
Tel.:
04 2250 653
Fax:
04 2250 654
Website:www.unionifinanciar.al
AGLI FXB LTD., TIRANA
Licence:
No. 5, dated 01.10.1999.
Address:
Office 1:Rruga “Islam Alla”, nr.1, Tirana
Office 2:Rruga “Kavajës”, pranë ish-pastiçeri Rinia, Tirana
Cambists:
Agim Cani, Kujtim Nina, Selim Luli
Tel.:
04 2255 517
EXCHANGE FXB LTD., TIRANA
Licence:
No. 08, dated 24.11.1999.
Address:
Rruga “Durrësit”, nr. 170, Tirana
Cambists:
Ivan Pavllovski, Ervis Myftari
Tel.:
04 2238 344
Tel. /Fax:
04 2238 345
ILIRIA ‘98 FXB LTD., TIRANA
Licence:
No. 12, dated 25.02.2000
Address:
Office 1:Sheshi “Austria”, pranë Teatrit të Kukullave, Tirana
Office 2:Rruga “Dëshmorët e 4 Shkurtit”, pranë KESH, Tirana
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Office 3:Parku Rinia, Kompleksi Tajvan, Tirana
Office 4:Rrruga e Durrësit, pranë ish kafe Florës, Tirana
Office 5:Rruga e Elbasanit, nr. 31/1, Tirana
Office 6:Rruga e Barrikadave
Office 7:Kashar, Autostrade Tirane-Durres, Km 12, Qendra Tregtare
City Park, Tirana
Office 8:Rruga’’Sami Frashëri’’, Pallati 55/4, Përballë Drejtorisë së
Policisë, Tirana
Office 9:Rr. “Kavajës”, Përballë Ministrisë së Kulturës Rinisë dhe
Sporteve, Tirana.
Cambists:
Edmond Ymeri, Ali Topalli, Ilir Janku, Bujar Fekollari, Edvina Janku, Alfred
Topalli, Ariana Topalli, Mailinda Ymeri, Gentjan Janku, Eni Harito, Ergesa
Ndroqi, Halime Xhaferi, Rinola Boka, Sonila Vasili, Majlinda Karaj, Esuida
Zambaku, Ornela Bakalli, Valentina Maçi, Idvina Kore, Eliona Lumani,
Enejda Shaba, Ornela Marku, Ada Pineti, Orjona Janko, Eliverta Balla
Tel.:
04 2248 821
SERXHIO FXB LTD., ELBASAN
Licence:
No. 14, dated 07.04.2000.
Address:
Office 1:Lagja “Luigj Gurakuqi”, rruga “11 Nëntori”, pallati 70, nr.
14, Elbasan
Office 2:Rruga “Abdyl Frashëri” (Përballë Librit Universitar), Tirana
Cambists:
Amarildo Canoku, Nerida Prezja, Ervin Halili, Elona Llaha
Tel.:
054 54566 (Elbasan), 04 2257 370 (Tirana)
Mobile:
0692077440, 0682049481
Acting as money transfer agent for the account of “AK INVEST” sh.a.
ALBTUR FXB LTD., TIRANA
Licence:
No. 15, dated 07.04.2000.
Address:
Bulevardi “Zogu I”, pallati 32, shkalla 1 (përballë Bankës Tirana),
Tirana
Cambists:
Albert Rahmani, Artur Rahmani
Tel. /Fax:
04 2235 820
R & M FXB LTD., TIRANA
Licence:
No. 16, dated 22.05.2000.
Address:
Rruga “Xhorxh Bush”, pranë ushtarit të panjohur, ngjitur me Optika
Plus, Tirana
Cambist:
Miranda Stepa
Tel.:
04 2251 963
T & E FXB LTD., DURRËS
Licence:
No. 18, dated 11.06.2000.
Address:Lagja 4, rruga “9 Maji”, Durrës
Cambists:
Shpëtim Hasa, Anisa Hasa, Enkela Hasa
SHIJAK 2000 FXB LTD., SHIJAK
Licence:
No. 19, dated 24.11.2000.
Address:Lagja “Popullore”, Shijak, Durrës
Cambists:
Nazmi Ademi, Farije Ademi
Tel.:
057 13076, 057 13200
Fax:
057 12193
Mobile:0682057505
Tirana” Ltd.
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MANUSHI FXB LTD., TIRANA
Licence:
No. 22, dated 18.04.2001.
Address:
Bulevardi “Zogu I”, Qendra e Biznesit “VEVE”, Tirana
Cambist:
Roland Manushi
Tel.:
04 2228 986 / 2253 052
Tirana” Ltd.
UNIONI SELVIA FXB LTD., TIRANA
Address:
Rruga “Sami Frashëri”, pallati 11, shkalla 4, apt. 29, Tirana
Cambist:Denis Merepeza
Mobile:0682286475
KALENJA FXB LTD., TIRANA
Licence:
No. 24, dated 29.06.2001.
Address:
Rruga “Kavajës” (pranë ambasadës turke), Tirana
Cambists:
Hair Shametaj, Rudina Shametaj
TILBA FXB LTD., ELBASAN
Address:
Office 1:Lagjja “Kongresi i Elbasanit”, bulevardi “Qemal Stafa”, pallati
nr. 19, Elbasan
Cambist:Kristaq Bako,
Address:
Office 2:Lagja “Luigj Gurakuqi”, pallati 38, shkalla 3, kati I, Elbasan
Cambists:
Vjollca Bako, Nertil Bako, Gilda Bajrami
Tel.:
054 40534
Mobile:0692083135
ANAGNOSTI FXB LTD., TIRANA
Licence:
No. 26, dated 31.10.2001.
Address:
Bulevardi “Zogu I”, pallati 97, shkalla 3, apt. 28, Tirana
Cambists:
Jani Anagnosti, Odise Anagnosti, Edlira Anagnosti
Mobile:0692090523
KO-GO FXB LTD., TIRANA
Licence:
No. 27, dated 12.11.2001.
Address:
Rruga “Vaso Pasha”, pallati 16, shkalla 2, apt. 9, Tirana
Kambist:
Mihal Konomi, Përparim Goxhaj
Mobile:0682024230
ALB- FOREX FXB LTD., TIRANA
Licence:
No. 28, dated 22.11.2001.
Address:
Office 1:Rruga “Dëshmorët e 4 Shkurtit”, pallatet e Shallvareve, shkalla
7, kati përdhe, Tirana
Cambists:
Melsi Çami, Mirel Topciu
Address:
Office 2:Rruga “Abdyl Frashëri”, nr. 3, Tirana
Kambist:
Arbëror Agastra
Tel.:
04 2270 541
Mobile:0692085561
L&N FXB LTD., TIRANA
Licence:
No. 29, dated 22.11.2001.
Address:
Office 1:Rruga “Muhamet Gjollesha”, ish-gjelltorja tek sheshi Ataturk,
Tirana
Cambist:Leonora Mihalcka
92
Bank of Albania
2011
Tel.:
Address:
Cambists:
Tel.:
04 2268 393 / 2270 720
Office 2:Rruga “Durrësit”, përballë ish-ambasadës Jugosllave, Tirana
Myzafer Velaj, Dashurije Rumbullaku
04 2235 590
Tirana” Ltd.
EXHANGE ALOG FXB LTD., TIRANA
Licence:
No. 31, dated 22.11.2001.
Address:
Rruga “Ded Gjo Luli”, Nr.3, Tirana.
Cambists:
Almida Sterio, Eduard Andoni, Elida Hasamemi
Tel.:
04 2236 582
Mobile:
0682022334, 0682041200
BASHKIMI 2001 FXB LTD., TIRANA
Licence:
No. 35, dated 12.12.2001.
Address:
Rruga “Kavajës” (lokali ish-pasticeri “Rinia”), Tirana
Cambists:
Bashkim Shametaj, Luan Shametaj, Ilir Mesini
Tel.:
04 2234 515
Mobile:0682024601
ARJON 2002 FXB LTD., ELBASAN
Licence:
No. 36, dated 14.12.2001.
Address:Lagja Brigada 17 Sulmuese, përballë ish-Kino Klubit, Elbasan
Cambists:
Besnik Lulja, Elsid Kalallari, Olsi Çapja
Tel.:054246696
Mobile:0682093599
TRI URAT FXB LTD., ELBASAN
Licence:
No. 44, dated 05.02.2002.
Address:Lagja “29 nëntori”, pranë filialit të Postës Shqiptare, Elbasan
Cambists:
Ismail Bejtja, Lindita Kasa
Tel.:
054 41792
Mobile:
0682262233, 0682133184
Tirana” Ltd.
BESA 2001 FXB LTD., TIRANA
Licence:
No. 46, dated 15.02.2002.
Address:
Rruga “Myslym Shyri”, nr. 25, Tirana
Cambists:
Belul Lleshi, Vladimir Avda, Mimoza Avda
Tel.:
04 2233 172
Mobile:
0682133879, 0682087951
HYSEN-C FXB LTD., LAÇ
Licence:
No. 50, dated 23.04.2002.
Address:Lagja nr. 3, përballë komisariatit të policisë, Laç.
Cambists:
Cen Hyseni, Violeta Hyseni, Miranda Palaj, Jonida Thanasi, Elona
Kuka, Suada Hasolli
Mobile:0682024688
TAXI EKSPRES FXB LTD., TIRANA
Licence:
No. 52, dated 20.05.2002.
Address:
Office 1:Rruga “Sami Frashëri”, nr. 11 (pranë shkollës “Edit Durhan”),
Tirana
Bank of Albania
93
2011
Address:
Cambists:
Tel.:
Mobile:
Office 2:Bulevardi “Bajram Curri”, rruga “Lekë Dukagjini”, nr. 5 (pranë
European Trade Center), Tirana
Arben Sharra, Sokol Kaleci, Brikena Tole, Manjola Kume, Elona Zyra
04 2223 231
0682046099, 0682250566
GLEAR FXB LTD., SHIJAK
Licence:
No. 55, dated 23.07.2002.
Address:Lagja Kodër Shijak, Durrës
Cambists:
Argjend Calliku, Aferdita Calliku
Tel.:
0571 23830
Mobile:0682050515
POSTA SHQIPTARE FXB SH.A., TIRANA
Licence:
No. 56, dated 28.08.2002.
Address:
Rruga “Reshit Çollaku”, nr. 4, Tirana
Cambists:
Shqiponja Harizi, Suzana Lika, Aferdita Lara, Rudina Gjoni, Donika
Cela, Brikena Lazri, Loreta Osmëni, Mark Prenga, Nadire Isufi, Qibrie
Musai, Violeta Allkushi, Stilianos Berdufi, Eliana Kosta, Viorela Kaçi,
Majlinda Pasha, Lejla Jupe, Bujar Kelmenti, Jahja Karsali, Mariana
Gegprifti, Bisere Shkenza, Enkeleda Qendro, Matilda Xhakola, Arjana
Rrapo, Nevina Doçaj, Majlinda Tilko, Meliha Veleshnja, Pranvera
Kaçorri, Zhaneta Myftiu, Marilda Habibi, Majlinda Pasha
Tel.:
04 2250 702 / 2222 315
ESLULI FXB LTD., TIRANA
Licence:
No. 58, dated 17.10.2002.
Address:
Rruga “Reshit Çollaku”, pallatet e Shallvareve, shkalla n. 4/1, Tirana
Cambists:
Selim Luli, Kleomen Gjiknuri, Sajmir Dede
Tel.:
04 2271 160 / 2271 438
DENI&KRISTI-2002 FXB LTD., TIRANA
Licence:
No. 61, dated 02.06.2003.
Address:
Office 1:Rruga “Myslym Shyri”, pallati 60, ap. 3, Tirana
Office 2:
Rruga e Kavajes, Pallati 219, shk. 1, ap. 2, Tirana
Office 3:
Rruga “Myslym Shyri”, Pallati 56/2, shk. 1, ap. 1, Tirana
Office 4:
Rruga “Bardhyl”, Pallati 12, shk. 2, ap. 8, Tirana
Cambists:
Maksim Çeku, Suzana Merxho, Leonard Pelari, Nertila Shehu
Tel.:
04 2247 112
Mobile:0682072108
YLDON FXB LTD., TIRANA
Licence:
No. 62, dated 03. 06.2003.
Address:
Office 1:Rruga Qemal Stafa, pallati 382/2/2, Tirana
Office 2:Blvd. “Bajram Curri” (pranë European Trade Center), Tirana
Office 3:Rruga “Frang Bardhi”, Qendra Tregtare Kristal, Tirana
Cambists:Ylli Ndroqi, Enkeleda Selamaj, Sabri Lika, Suela Marku, Etmond Mema,
Manjola Osmanaj, Eglantina Shehaj, Larisa Hysenbelliu, Nertila Dashi,
Brunilda Tresa, Olgerta Zoto, Pamela Memo.
Tel.:
04 2374 932 / 2343 476 / 2322 708 (ext. 199, Office At Kristal
Centre), 04 2259 765 (Finance)
Mobile:0692095681
I.S.N. FXB LTD., TIRANA
Licence:
No. 66, dated 06.05.2004.
94
Bank of Albania
2011
Address:
Rruga “Kavajës”, pallati 3, kati i parë, Tirana
Cambists:
Nexhmi Uka, Salandi Brojaj
Mobile:0692032727
ARIABA FXB LTD., TIRANA
Licence:
No. 67, dated 07.06.2004.
Address:
Rruga “Abdyl Frashëri”, kati i parë, shkalla 5, pranë Librit Universitar,
Tirana
Cambist:
Flamur Denaj
Tel. / Fax:
04 2246 199
ALBACREDITS FXB LTD., TIRANA
Licence:
No. 68, dated 13.07.2004.
Address:
Rruga “Bardhok Biba”, Pll. Trema, kati I, Tirana
Cambists:
Ermira Skënderi, Engjëll Skënderi, Burhan Kodra, Fatbardha Skënderi
(Preza), Bashkim Korça
Tel. / Fax:
04 2237 840
Mobile:0682062916/917
Tirana” Ltd.
ALB-KREDIT FXB LTD., TIRANA
Licence:
No. 69, dated 19.07.2004.
Address:
Office 1:Rruga “Durrësit”, nr. 2, Tirana
Cambists:
Arben Cani, Vasil Marto, Hajredin Toca, Bianka Agaraj, Suela Gjoni
(Isaku)
Tel. / Fax:
04 2274 840, 04 2228 928 / 9
Mobile:0692095802
Address:
Peshkopia Branch, Bulevardi “Nazmi Rushiti”, Peshkopi, Dibra
Cambist:
Xhetan Krrashi
Tirana” Ltd.
OMEGA FXB LTD., TIRANA
Licence:
No. 72, dated 20.12.2004.
Address:
Rruga “Abdyl Frashëri”, pallati 1, shkalla 2, apartamenti 10, Tirana
Cambist:
Mihallaq Peko
Tel. / Fax:
04 2261 956
Mobile:0682050909
Acting as money transfer agent for the account of “AK INVEST” sh.a
ELBA 2005 FXB LTD., TIRANA
Licence:
No. 73, dated 28.04.2005.
Address:
Bulevardi “Bajram Curri”, pallatet Agimi, nr. 16, Tirana
Cambists:Kujtim Elbasani, Anila Elbasani
Tel. / Fax:
04 2237 866 / 2274 382
Mobile:0682206194
Acting as money transfer agent for the account of “Financial Union Tirana” Ltd.
BASHA – N.B. FXB LTD., ELBASAN
Licence:
No. 75, dated 08.07.2005.
Address:
Office 1:Lagja “Shënkoll”, rruga “Thoma Kaleshi”, pallati 110, shk.
1, kati i parë, Elbasan
Address:
Office 2:Lagja “Kongresi i Elbasanit”, bulevardi “Qemal Stafa”, Elbasan
Cambists:
Nashifer Basha, Çlirim Basha
Tel.:
054 42565
Mobile:0692077640
Bank of Albania
95
2011
I & K 2005 FXB LTD., LEZHA
Licence:
No. 77, dated 09.09.2005.
Address:
Office 1:Lagja “Besëlidhja”, pallati 73, LezhA
Office 2 :Lagja “’Don Bosko’’, Rruga ‘’Muzakët’’, Pallatet e Arabit,
Kulla 7, Tirana
Cambists:
Ilir Malaj, Margarita Malaj
Tel.:
021 522591
Fax:
021 522591
Mobile:0682040778
Tirana” Ltd.
EUROTOURS FXB LTD., TIRANA
Licence:
No. 78, dated 17.10.2005.
Address:
Rruga “Durrësit”, pallati 7, Tirana
Cambists:
Albert Cara, Ilir Stafa, Dhimiter Papadhopulli
Tel.:
04 2273 389
Fax:
04 2273 387
Mobile:0682053623
Tirana” Ltd.
A.B.I. EXCHANGE FXB LTD., TIRANA
Licence:
No. 79, dated 17.02.2006.
Address:
Bulevardi “Zogu I”, godina “Zëri i Popullit”, Tirana
Cambists:
Ilir Doçi, Suela Dedaj, Pëllumb Hysi, Kidas Sokoli
Mobile:0682054116
REGENCY INTERNATIONAL CASINO TIRANA FXB LTD., TIRANA
Licence:
No. 80, dated 06.03.2006.
Address:
Rruga “Dëshmorët e 4 Shkurtit”, Parku Rinia, Tirana
Cambists:
Suzana Aliu, Aides Goga, Marsela Elmazaj, Vjollca Nurka, Elvis Marku,
Erion Hila, Elis Nerguti, Razie Selimi, Juliana Sulillari, Ermelind Hystuna
Tel.:
04 2274 907 / 2274 742 / 2274 739
Fax:
04 2271 190
ARBËR F FXB LTD., TIRANA
Licence:
No. 81, dated 07.03.2006.
Address:
Rruga “Kavajës”, pallati 3, kati i parë, ose ish Gudeni, Tirana.
Cambists:
Florina Jaho, Bukurosh Jaho
Tel.:
04 2248 384
Mobile:0682218652
EURO 2006 FXB LTD., DURRËS
Address:
Office 1:Lagja nr. 11, bulevardi kryesor, pranë Alb-Telekomit, Durrës.
Office 2:Lagja 12, Rruga “9 Maji”, Kati i parë, pranë bustit Azem Hajdari, Durrës
Cambists:
Hysni Baganaçi, Medi Dyrmishi, Julian Dyrmishi
Tel.:
052 38156
Mobile:0682618699
VOSKOP FXB LTD., KORÇA
Licence:
No. 83, dated 13.04.2006.
Address:Lagja nr. 7, blloku “8 Nëntori”, Korça
Cambists:
Anesti Leska, Rexhep Mankolli, Ilir Agolli, Arben Urshini
96
Bank of Albania
2011
Tel.:
Mobile:
08 254 200 (Office)
0692256025 (A.Leskaj), 0682068835 (Ledina)
KRISTIAN 2002 FXB LTD., LEZHA
Licence:
No. 84, dated 31.05.2006.
Address:Lagja “Besëlidhja”, përballë degës së bankës Raiffeisen, Lezha
Cambist:
Sander Marashi
Tel.:
02 153-727
Mobile:0692091357(S.Marashi)
PRE – LAND FXB LTD., LEZHA
Licence:
No. 85, dated 31.05.2006.
Address:Lagja “Skënderbej”, ish-lokali “Gjahtari”, LezhA
Cambist:
Roland Kola
SHQIPONJA VL FXB LTD., VLORA
Licence:
NO. 86, dated 16.06.2006.
Address:
Pallati i kultures “Labëria”, përballë portit detar, Vlora
Cambist:
Vjollca Musaraj
Tel.:
033 24642
BONVOYAGE FXB LTD., DURRËS
Licence:
No. 87, dated 20.06.2006.
Address:Lagja 11, bulevardi kryesor “Durrahu”, apt. 243, Durrës
Cambists:
Petrit Shtaro, Rexhep Sulejmani
Tel.:
052 38116, 052 37389
ANICHRI FXB LTD., TIRANA
Licence:
No. 88, dated 20.04.2007.
Address:
Rruga “Vaso Pasha”, nr. 10 (përballë bar “Rovena” (ish Blloku) Tirana
Cambists:
Ilir Gurashi, Lenije Murataj, Juliana Hajro
Tel.:
04 2244 363
Mobile:
0682072624; 0682082262
Tirana” Ltd.
BROQI FXB LTD., TIRANA
Licence:
No. 89, dated 20.04.2007.
Address:
Rruga “Kavajës”, përballë kishës katolike, Tirana
Cambists:
Nikolle Broqi, Dhurata Murrizi
Tel.:
04 2261 142
Mobile:0682026731
KOMPLEKSI TURISTIK RABOSHTA FXB LTD., SHKODRA
Licence:
No. 91, dated 26.06.2007.
Address:Lagja “Vasil Shanto”, përballë xhamisë, Shkodra
Cambists:
Përparim Raboshta, Jetmira Raboshta
Mobile:0692061199
ÇELA 2005 FXB LTD., LUSHNJA
Licence:
No. 92, dated 26.06.2007.
Address:Lagja “Çlirim”, Lushnja
Cambists:
Bledar Çela, Mondi Cejne
Mobile:
0692066657, 0682012394
Bank of Albania
97
2011
ARTUR 07 FXB LTD., FIER
Licence:
No. 93, dated 26.06.2007.
Address:
Rruga “Esat Dishnica”, nr. 9, Fier
Cambist:
Artur BEQO
JORGAQ PACILI FXB LTD., KORÇA
Licence:
No. 94/1, dated 09.11.2010.
Address:
Blvd. “Edith Durham”, pranë ish hotel turizmit, Korça
Cambists:
Mimoza Pacili, Jorgaq Pacili
Mobile:0692170171
TROKA FXB LTD., FIER
Licence:
No. 95, dated 16.07.2007.
Address:Lagja “Apollonia”, pallati i ri, përballë Raiffeisen Bank, Fier
Cambist:
Xhevair Troka
Mobile:0682035413
MEL – FAT FXB LTD., FIER
Licence:
No. 96, dated 17.07.2007.
Address:Lagja “Apollonia”, rruga “Brigada XI Sulmuese”, Fier
Cambists:
Meleq Myrtaj, Fatmir Ymeri
Mobile:0682307507
VËLLEZËRIT VALUTË FXB LTD., LUSHNJA
Licence:
No. 97, dated 17.07.2007.
Address:Lagja “Çlirim”, rruga “Qemal Stafa”, nr. 5, Lushnjs
Cambists:
Tomor Qorri, Fatmir Qorri
Mobile:
0692065595, 0684060061
FYBEK FXB LTD., FIER
Licence:
No. 98, dated 17.07.2007.
Address:Lagja “8 shkurti”, pallati 9, apt. 5, Fier
Cambists:
Ilir Seitaj, Sokol Seitaj
Mobile:0682068193
EXCHANGE DEA FXB LTD., FIER
Licence:
No. 99, dated 17.07.2007.
Address:Lagja “Apolonia”, sheshi “Fitorja”, Fier
Cambists:
Saimir Zeneli, Fatmir Kamberi, Fatmir Brahimi
Mobile:
0692099425, 0682024127
KAMZA UNION FXB LTD., TIRANA
Licence:
No. 100, dated 17.07.2007.
Address:Kodër Kamëz Tirana
Cambists:Lindita Stafa, Anila Kola, Zef Gjoni
Tel.:
04 2200 569
Mobile:0684043909
Tirana” Ltd.
LAPRAKA UNION FXB LTD., TIRANA
Licence:
No. 101, dated 17.07.2007.
Address:
Office 1:Rruga “Lord Bajron”, Laprakë, Tirana
Address:
Office 2:Kamëz Qendër
Address:
Office 3:Qendër Vorë, ish mapot e vjetra
98
Bank of Albania
2011
Address:
Office 4:Fushë Krujë
Cambists:
Rreshit Beja, Lulzim Beja, Hanke Beja, Hyre Beja
Tel.:
04 2269 354, 200 426, 600 477, 632 001
Mobile:0692044312
Tirana” Ltd.
EXCHANGE BERTI 2007 FXB LTD., ELBASAN
Licence:
No. 102, dated 24.07.2007.
Address:Lagjja “Aqif Pasha”, pallati 31, Elbasan
Cambist:
Robert Tashkollari
Mobile:0692111490.
ANSA UNION FXB LTD., TIRANA
Licence:
No. 103, dated 25.07.2007.
Address:
Rruga “Durrësit”, pallati 81, shkalla 4, Tirana
Cambists:
Magdalena Leka, Gezim Leka, Blerina Pojani, Ylli Guda, Darina
Shkodra, Etleva Tite
Tel.:
04 2271 530 (tel-fax), 04 2238 623
Mobile:0682740073
Tirana” Ltd.
KLEO FXB LTD., VLORA
Licence:
No. 104, dated 31.07.2007.
Address:Lagja “Osman Haxhiu”, rruga ”Demokracia” (pranë Sahatit), Vlora
Cambists:
Murat Hysenaj, Gezim Shehaj, Dhimitraq Tangu, Shezai Xhaferaj
Tel. /Fax 033 28155
Mobile:0692056558
MOENA FXB LTD., FIER
Licence:
No. 105, dated 31.07.2007.
Address:Lagja “29 Nëntori”, rruga “Dervish Hekali”, Fier
Cambists:
Enver Lamaj, Namik Hasani, Mondi Likaj
Tel. /Fax:
034 24428
Mobile:0684021577
ZENO & DHIMO FXB LTD., FIER
Licence:
No. 106, dated 31.07.2007.
Address:Lagja Apollonia, rruga ”Brigada II S” (pranë Raiffeisen Bank), Fier
Cambists:Dhimitraq Doko, Zenun Gjini
Mobile:
0692070262, 0682151504
BALLA CHANGE FXB LTD., DURRËS
Licence:
No. 107, dated 31.07.2007.
Address:
Rruga ”Prokop Meksi”, lagja 4, Durrës
Cambists:
Agron Balla, Artur Ballanca, Diana Balla, Agim Balla
Mobile:0682060428
ADKO FXB LTD., LUSHNJA
Licence:
No. 108, dated 31.07.2007.
Address:Lagja “Loni Dhamo”, ish hotel Myzeqeja, Lushnja
Cambists:
Adil Mukaj, Koli Sako
Tel.:
035 26484
Mobile:
0684021108, 0682244795
Bank of Albania
99
2011
I.SULEJMANI & SH.MYRTEZA FXB LTD., FIER
Licence:
No. 109, dated 31.07.2007.
Address:Lagja “1 Maj”, rruga ”Jani Bakalli” (pranë poliklinikës qendrore), Fier
Cambists:
Islam Sulejmani, Shkelqim Myrteza
Mobile:
0683415790, 0692436588
MATI UNION FXB LTD., LAÇ
Licence:
No. 110, dated 02.08.2007.
Address:
Bulevardi kryesor, Laç
Cambist:
Mustafa Martinaj
Mobile:0682037713
Tirana” Ltd.
A.K FXB LTD., LEZHA
Licence:
No. 111, dated 02.08.2007.
Address:Lagja “Besëlidhja”, Lezha
Cambist:
Amerlon Reçi
Tel.:
021 54951
Mobile:0682023607
UNION B FXB LTD., BERAT
Licence:
No. 112, dated 07.08.2007.
Address:Lagja “30 vjetori”, Berat
Cambist:
Sali Hoxha
Mobile:0682074488
Tirana” Ltd.
KOÇIU FXB LTD., GJIROKASTRA
Licence:
No. 113, dated 03.09.2007.
Address:Lagja “18 Shtatori”, Gjirokastra
Cambists:Lutmir Koçiu, Rebani Koçiu
Mobile:0692090935
LANA FXB LTD., TIRANA
Licence:
No. 114, dated 04.09.2007.
Address:
Rruga “Irfan Tomini”, pallati 8/1, shkalla 2, apt. Nr. 2 (pamja nga
sheshi), Tirana
Cambists:Krenar Alimerko, Nevila Shabanaj, Amarilda Liço
Tel./Fax:
04 2244 278
Tel.:
04 2269 613
Mobile:0692033512
Tirana” Ltd.
BESTINA FXB LTD., URA VAJGURORE, BERAT
Licence:
No. 115, dated 04.09.2007.
Address:Lagja “18 Nëntori” (pranë filialit të Postës Shqiptare), Ura Vajgurore,
Berat
Cambists:
Besim Guraj, Klementina Guraj
Tel.:
036 12717
Mobile:0682086105
N&B UNION FXB LTD., TIRANA
Licence:
No. 116, dated 04.09.2007.
Address:
Rruga “Dibrës”, pallati 507, Tirana
100
Bank of Albania
2011
Cambists:
Tel.:
Nexhmi Ferhati, Shkelqim Turku
04 2366 898
Tirana” Ltd.
ARGI 07 FXB LTD., BERAT
Licence:
No. 117, dated 04.09.2007.
Address:Lagja “22 Tetori”, Berat
Cambists:
Arben Yzbashi, Albana Yzbashi
Tel.:
032 35746
Fax:
032 372888
Mobile:0692082803
EKSPRES J&E FXB LTD., DURRËS
Licence:
No. 118, dated 05.09.2007.
Address:Lagja 11, bulevardi kryesor, hotel “Durrësi”, Durrës
Cambists:Kostandin Ekonomi, Entela Ekonomi
Tel.:
052 29626
Mobile:0682046103
DODI FXB LTD., FIER
Licence:
No. 119, dated 05.09.2007.
Address:Lagja “Apollonia”, bulevardi “Jakov Xoxa”, Fier
Cambists:
Artur Dodi, Albert Cucuri, Astrit Celaj
Tel.:
034 31461
Mobile:0682132098
G 24 FXB LTD., GJIROKASTRA
Licence:
No. 120, dated 05.09.2007.
Address:Lagja “18 shtatori”, Gjirokastra
Cambist:
Artan Gjokaj
Tel.:
084 68760
Mobile:0692080805
EXCHANGE KIMI FXB LTD., TIRANA
Licence:
No. 123, dated 14.09.2007.
Address:
Rruga ”Dëshmorët e 4 Shkurtit”, pallati 3, dyqani nr. 3, Tirana
Cambists:
Shefqet Jata
Mobile:0692060325
JAUPAJ FXB LTD., FIER
Licence:
No. 124, dated 26.09.2007.
Address:Lagja “29 Nëntori”, rruga “Dervish Hekali” (pranë bar “Rinia”, AVN
TV), Fier
Cambists:
Patriot Jaupaj, Miranda Jaupaj
Tel.:
034 31503
Mobile:069247355.
EXPRES CHANGE FXB LTD., VLORA
Licence:
No. 125, dated 26.09.2007.
Address:Lagja “28 Nentori”, rruga “Mulla Xhaferri”, apt. 1111, Vlora
Cambists:Latif Breshani, Nexhmi Mustafaraj
Tel./Fax:
033 27535
Mobile:0682208961
MILI 2007 FXB LTD., VLORA
Bank of Albania
101
2011
Licence:
Address:
Cambists:
No. 126, dated 26.09.2007.
Office 1:Lagja “Osman Haxhiu”, rruga “Demokracia”, apt. 537, Vlora
Office 2:Lagja “Hajro Cakërri” Pallati pranë BKT, Kati1, Vlora
Ismail Shehu, Albert Malaj, Perparim Jaupaj, Qamile Shehu, Erion
Fejzaj
Tel.:
033 30381
Mobile:0692054414
EURO 2007 FXB LTD., DURRËS
Licence:
No. 127, dated 11.10.2007.
Address:Lagja nr. 12, rruga “9 Maji”, Durrës.
Cambists:
Raimond Çollaku, Yllka Lala, Arben Çuni, Ngushullim Hyzoti
Mobile:0692042778
XHO-2007 FXB LTD., TIRANA
Licence:
No. 128 dated 29.10.2007.
Address:
Rruga ”Kavajës”, pallati 96, shkalla 2, apt. 16/1, Tirana
Cambist:
Arben Xhoxhi
Mobile:
0682136633, 0682040313.
PLANET- CHANGE FXB LTD., TIRANA
Licence:
No. 129, dated 31.10.2007.
Address:
Blvd. ”Bajram Curri”, pallatet e aviacionit (ngjitur me kafe bar OSKAR),
Tirana
Cambist:Llazar Nuzi
Mobile:0692034178
MARDEA FXB LTD., ELBASAN
Licence:
No. 130, dated 05.11.2007.
Address:Komuna Mollas, fshati Mollas (pranë tregut fshatar), Elbasan
Cambists:
Bexhet Basha
Mobile:0682651144
GOGA FXB LTD., TIRANA
Licence:
No. 131, dated 07.11.2007.
Address:
Bulevardi “Bajram Curri”, pallatet “1 Maji”, shk. 8, apt.# 8 (bodrum
13 m2), Tirana
Cambists:
Florian Goga
Tel.:
04 2351 539
Mobile:0682152944
MIKA FXB LTD., TIRANA
Licence:
No. 132, dated 12.11.2007.
Address:
Rruga ”Myslym Shyri”, nr.120, “Nikolla Lena”, Tirana
Cambists:Gjergji Ici, Maksi Ici
Mobile:0682587113
M & GR FXB LTD., TIRANA
Licence:
No. 133, dated 12.11.2007.
Address:
Bulevardi ”Zogu I”, pallati 654, shkalla 3, apt.17,Tirana.
Cambists:
Maksim Likaj, Akile Dhimitri
Mobile:0682061465.
LULI –SH-1985 FXB LTD. VLORA
Licence:
No. 134, dated 19.11.2007.
102
Bank of Albania
2011
Address:Lagjja “Hajro Cakërri”, rruga ”Sadik Zotaj” (pranë sheshit “Pavarësia”),
Vlora
Cambists:
Fabjon Xhemali
Tel.:
033 31682
ALB – COMMERCE FXB LTD., TIRANA
Licence:
No. 135, dated 20.11.2007.
Address:
Rruga “Bardhyl”, pallati 18, shkalla 4, apt. 2, Tirana
Cambists:
Jetnor Isufaj, Dashamir Bejaj
Mobile:
0692472502, 0692288012
ANDET 2005 FXB LTD., VLORA
Licence:
No. 136, dated 26.11.2007.
Address:Lagja “Osman Haxhiu”, rruga “Demokracia” (pranë Sahatit), Vlora
Cambists:
Petrit Veliu, Lutfi Nuredini
Tel./Fax:
033 33659
Mobile:0692290778
GITA FXB LTD., TIRANA
Licence:
No. 137, dated 26.11.2007.
Address:
Rruga “Kavajës”, pallati 138, shkalla 2, apt. 10 (kryqëzimi “21
dhjetori”), Tirana
Cambists:
Myftar Kaziaj, Gezim Kaziaj
Tel/Fax:
04 2236 904
Mobile:0682134076
MIÇO-PALUKA FXB LTD., TIRANA
Licence:
No. 138, dated 26.11.2007.
Address:
Rruga “Dibrës”, pallati 507, Tirana
Cambist:
Mikel Paluka
Mobile:0682355526
NIKOLARO FXB LTD., ELBASAN
Licence:
No. 139, dated 26.11.2007.
Address:
Rruga ”Jorgji Dilo”, lagjja 1, pallati 13, Cërrik, Elbasan
Cambist:
Sokol Dudija
Tel./Fax:
058 13687
Mobile:0682156030
REDI-R FXB LTD., TIRANA
Licence:
No. 140, dated 27.11.2007.
Address:
Rruga “Avdyl Frashëri”, pallati 11/1, shkalla 3, apt. 12, Tirana
Cambists:Ylli Ramaj
Mobile:0692020577
Tirana” Ltd.
ARBEL FXB LTD., LEZHA
Licence:
No. 141, dated 17.12.2007.
Address:
Rruga “Luigj Gurakuqi”, Lezha
Cambists:
Alma Marku, Andrea Marku
Tel.:
021 53530
Mobile:0682034981
Bank of Albania
103
2011
A & Q FXB LTD., FIER
Licence:
No. 142, dated 24.12.2007.
Address:Lagja “29 Nëntori”, rruga “Kastriot Muço”, pallati 8, Fier
Cambists:
Arjan Çepele, Qemal Zylalaj, Novruz Zylalaj
Mobile:0682151139
MERIDIANA TRAVEL TOUR FXB LTD., TIRANA
Licence:
No. 143, dated 24.12.2007.
Address:
Rruga “Dëshmorët e 4 Shkurtit”, nr. 7, Tirana
Cambists:
Andi Alimehmeti, Edmond Konomi
Tel.:
04 2256 644
Mobile:0692022637
ORGES-CHANGE FXB LTD., DURRËS
Licence:
No. 144, dated 27.12.2007.
Address:Lagja 12, rruga “9 Maji” (pas bustit të Azem Hajdarit), Durrës
Cambists:
Skënder Trebeshina, Sokol Janina
Mobile:
0692135783, 0683565265
B.LIKA FXB LTD., TIRANA
Licence:
No. 145, dated 31.12.2007.
Address:
Rruga “4 Shkurti”, pallati nr. 3, Tirana
Cambists:
Bashkim Lika, Maklen Mici
Mobile:069213322
LI & CO FXB LTD., TIRANA
Licence:
No. 146, date 03.01.2008
Address:
Blvd. “Bajram Curri”, pallatet Agimi, shkalla 8, apt. b, Tirana
Cambists:Ligor Treni, Ferzilet Treni
Tel.:
04 2259 990
Mobile:0682008111
BESLOR FXB LTD., FIER
Licence:
No. 147, dated 31.01.2008.
Address:
Rruga e Kavajës, Ndertesë 1-katëshe, përballë Kishës Katolike, Tirana
Cambists:Lida Sinanaj, Perlat Sinanaj
Mobile:0692211217
OLZE 07 FXB LTD., BERAT
Licence:
No. 148, dated 12.02.2008.
Address:Lagjja “22 tetori”, Berat
Cambist:
Ramadan Qajalliu
Mobile:0682057330
REDI 07 FXB LTD., BERAT
Licence:
No. 149, dated 12.02.2008.
Address:Lagja “22 Tetori” (pranë degës së Bankës Raiffeisen), Berat
Cambists:Luan Kumani, Ervin Nallbani
Mobile:0682201367
GREBIS FXB LTD., TIRANA
Licence:
No. 150, dated 22.02.2008
Address:
Rruga “Muhamet Gjollesha”, pallati 34, shkalla 3, apt. 18, Tirana
Cambists:
Saimir Hila, Lulezim Lato
Tel.:
04 2241 921
104
Bank of Albania
2011
Mobile:0692122950
E.L.G.A FXB LTD., VLORA
Licence:
No. 151, dated 26.02.2008.
Address:Lagja “28 nëntori”, nr. 1/27 N1N2, Vlora
Cambist:
Violeta Zere
Tel.:
022 3542
Mobile:0692435603
AES EXCHANGE FXB LTD., GJIROKASTRA
Licence:
No. 152, dated 26.02.2008.
Address:Lagja “18 shtatori” (afër stadiumit), Gjirokastra
Cambist:
Metat Selimi
Mobile:0692065855
GREJSI FXB LTD., TIRANA
Licence:
No. 153 dated 27.02.2008.
Address:
Rruga “Elbasanit”, pallati 2, shkalla 2, apt.32, Tirana
Cambist:
Zhaneta Parapani
Mobile:0692081127
FOREXCHANGE FXB LTD., TIRANA
Licence:
No. 154, dated 27.02.2008.
Address:
Rruga “Vaso Pasha”, pallati 14, shkalla 2, apt. 10, Tirana
Cambist:
Polimer Fejzaj
Tel.:
04 2273 114
Mobile:0682201853
EGNATIA EXCHANGE FXB LTD., DURRËS
Licence:
No. 155, dated 17.03.2008.
Address:Lagja 4, rruga “Skënderbej”, pallati 405, shkalla 7, kati I, Durrës
Cambists:
Myzejen Karabushi, Olta Musaraj
Tel.:
052 34165
Fax:
052 34179
Mobile:
0692048650, 0692297750
DRINI CHANGE FXB LTD., VLORA
Licence:
No. 156, dated 17.03.2008.
Address:Lagja “28 nëntori”, rruga ”Anita Bitri” (përballë hotel Sazanit), Vlora
Cambists:
Adrian Agaraj, Shkelqim Duka
Tel.:
033 33877
Mobile:
0682268209, 0682065801
HILUKU FXB LTD., SHKODRA
Licence:
No. 157, dated 17.03.2008.
Address:
Office 1:Lagja “Qemal Stafa”, rruga “Zogu I”, Shkodra
Office 2:Lagja “Vasil Shanto”, rruga “Muhamet Gjollesha”, afer
xhamisë në qender, Shkodra
Cambists:
Albin Hiluku, Nikolin Hiluku
Tel. /Fax:
022 43932
Mobile:0692060324.
Tirana” Ltd.
AURORA FXB LTD., RROGOZHINË, KAVAJA
Licence:
No:158, dated 17.03.2008.
Bank of Albania
105
2011
Address:Lagja nr. 2, Rrogozhinë, Kavaja
Cambists:
Hekuran Tosku, Arta Tosku
Tel.:
057 72239
Tel./Fax:
057 72739
Mobile:0692099938
Tirana” Ltd.
28 NENTORI FXB LTD., TIRANA
Licence:
No. 159, dated 19.03.2008.
Address:
Rruga “28 nëntori”, nr. 18, Tirana
Cambists:
Heroina Saraçi, Vasil Sterjo, Pajtim Muço
Tel.:
04 2363 981, 04 2239 279
Mobile:0692766111.
RO – INVEST FXB LTD., TIRANA
Licence:
No. 160, dated 19.03.2008.
Address:
Rr. “Dëshmorët e Kombit” (Blv.Zogu I), pallati 97, apt. 27, Kati I, Tirana
Cambists:
Edlira Suci, Elda Zogolli, Hekuran Brahja
Tel.:
04 2222 328
PJETRI A & F FXB LTD., FIER
Licence:
No. 161, dated 27.03.2008.
Address:
Rruga “Konferenca e Pezës”, rruga “Jakov Xoxa” (pallati te fotostudio
Rinia), kati 1, Fier
Cambists:
Arjan Pjetri, Frederik Pjetri, Pellumb Shahu
Tel. / Fax:
034 31764
Mobile:0682529707
ARDIVA – EXCHANGE FXB LTD., TIRANA
Licence:
No. 162, dated 07.04.2008.
Address:
Office 1:Rruga “Luigj Gurakuqi“, Tirana
Address:
Office 2:Rruga “Dervish Hima” (pranë stadiumit “Qemal Stafa”), Tirana
Address:
Office 3:Sheshi “Avni Rustemi“, Tirana
Address:
Office 4:Instituti Kamëz, Tirana
Cambists:
Astrit Vata, Shpresa Prelaj, Rozeta Rapi, Luljeta Vata, Agron Shira,
Jetmira Milushi
Tel.:
04 2249 730
Mobile:0692046476
Tirana” Ltd.
PATRIK FXB LTD., TIRANA
Licence:
No. 164, dated 14.04.2008.
Address:
Rruga “Sami Frashëri”, shkalla 20, apt. 344 (pallatet Agimi), Tirana
Cambists:
Viktor Treni, Anjeza Shkoza
Tel. / Fax:
04 2228 166
Mobile:0692091272
Tirana” Ltd.
“MEÇE 2 FXB LTD., TIRANA
Licence:
No. 165, dated 14.04.2008.
Address:
Rruga “Muhamet Gjollesha”, pallati 6 katësh, kati 1, Tirana
Cambist:
Edmond Meçe
Tel. / Fax:
04 2235 457
106
Bank of Albania
2011
Mobile:0684072198
S – DOKO FXB LTD., TIRANA
Licence:
No. 166, dated 18.04.2008.
Address:
Rruga “Qemal Stafa”, tek Pazari i Ri, pranë tregut të biçikletave, Tirana
Cambist:
Sovjetik Doko
Tel. / Fax:
04 2268 762
Mobile:0682323990
BUXHA FXB LTD., SHKODRA
Licence:
No. 167, dated 22.04.2008.
Address:
Office 1:Lagja “Vasil Shanto”, Rruga “13 Dhjetori”, Shkodra
Office 2:Lagja “Vasil Shanto”, (tek tregu valutor), Shkodra
Cambists:
Petrit Buxha, Arben Kraja
Tel.:
022 49057
Mobile:0682043455
KOFLOTEO FXB LTD., TIRANA
Licence:
No. 168, dated 30.04.2008.
Address:
Rruga “Sami Frashëri” (pranë pallateve “Agimi”), kulla 1 (8 katëshe),
kati përdhe, Tirana
Cambist:Kostandin Kotici
Tel.:
04 2263 592
Mobile:0682045031
“SA – EL.08 FXB LTD., TIRANA
Licence:
No. 169, dated 08.05.2008.
Address:
Rruga “Mine Peza”, nr. 37, zona kadastrale nr. 8350, Tirana
Cambists:Gëzim Dushkaj, Dhurata Dushkaj, Bujar Çaçollari
Tel.:
04 2278 144
Mobile:0682054790
“LEON – TIRANA FXB LTD., TIRANA
Licence:
No. 170, dated 08.05.2008.
Address:
Rruga e Kavajës, godinë 2 katëshe, 10 m nga Poliambulanca “Zoja
e Këshillit të Mirë”, Tirana
Cambists:
Onaldo Ago:Astrit Ago; Prandvera Ago
Tel.:
04 2226 689
“ALBTURIST ALBANIA FXB LTD., TIRANA
Licence:
No. 171, dated 13.05.2008.
Address:
Rruga “Mine Peza”, pallati 6-katësh, kati, Tirana
Cambists:
Fuat Shahu, Shkelqim Cuni
Tel.:
04 2271 143
Mobile:0682059096
“REMIDA FXB LTD., ELBASAN
Licence:
No. 172, dated 14.05.2008.
Address:
Rruga “Thoma Kalefi”, përballë Namazgjasë, Elbasan
Cambist:Dashamir Vercani
Tel.:
054 241285
Mobile:0682181959
“XHULIO 2007 FXB LTD., TIRANA
Licence:
No. 173, dated 19.05.2008.
Address:
Rruga “Dëshmorët e 4 Shkurtit”, apt. 42, Tirana
Bank of Albania
107
2011
Cambists:
Tel.:
Mobile:
Vladimir Shkurta, Kleomen Gjiknuri
04 2233 313
0682020144, 0682034829
Tirana” Ltd.
“ELBASAN-FAJN FXB LTD., TIRANA
Licence:
No. 174, dated 22.05.2008.
Address:
Rruga “Reshit Collaku”, nr. 17, Tirana
Cambists:
Fahri Sanço, Nediko Sanço, Neim Shehaj
Tel. / Fax:
04 2271 485
Mobile:
0694033700, 0694033600
“TAKO FXB LTD., TIRANA
Licence:
No. 175, dated 26.05.2008.
Address:
Rruga “Gjin Bue Shpata”, Tirana
Cambist:
Vladimir Tako
Tel.:
04 2258 162
Mobile:
0682037604, 0683598153
“TOMI CHANGE FXB LTD., VLORA
Licence:
No. 176, dated 27.05.2008.
Address:Lagja “Osmen Haxhiu”, rruga “Gjergj Kastrioti”, pallati 537, kati 1,
shk. 4, apt. 33, Vlora
Cambist:
Thoma Meçi
Tel. / Fax:
033 233904
Mobile:0692410501
“B.T.G.O FXB LTD., TIRANA
Licence:
No. 177, dated 28.05.2008.
Address:
Rruga “Durrësit”, pallati 240, shkalla 8, apt. 60, Tirana
Cambist:
Bektash Laçi, Shkelzen Ahmeti
Tel.:
04 2261 207
Tirana” Ltd.
“BALLKAN 2008” SH.P.K, SHKODRA
Licence:
No. 178, dated 28.05.2008.
Address:Lagja “Vasil Shanto”, pranë Xhamisë së Madhe, Shkodra
Cambist:
Ramadan Bashi
Tel.:
022 46021
Fax:
022 41796
Mobile:0692085331
“DALLANDYSHJA FXB LTD., VLORA
Licence:
No. 179, dated 28.05.2008.
Address:Lagja “Pavarësia”, qendra tregtare “Riviera”, Vlora
Cambists:Dallandyshe Çelaj, Alda Seferi, Kadri Ramaj, Eduart Kallavaresi,
Mimoza Arapi
Tel.:
033 225947, 033 229407
Mobile:0692097666
Tirana” Ltd.
“JON BLU FXB LTD., TIRANA
Licence:
No. 180, dated 29.05.2008.
Address:
Rruga “Mine Peza”, pallati 210, shkalla 5, kati 1, apt. 34, Tirana
108
Bank of Albania
2011
Cambist:
Ervin Hasanbelli
Tel.:
04 2266 518
Mobile:0692144686
“FLAGEM FXB LTD., KUÇOVA
Licence:
No. 181, dated 06.06.2008.
Address:Lagja “Llukan Prifti”, Kuçova
Cambist:
Adriatik Avdylaj
Tel. / Fax:
031 125267
Mobile:0692082805
“SH.F.T – 08 FXB LTD., SHKODRA
Licence:
No. 182, dated 06.06.2008.
Address:Lagja “Vasil Shanto”, rruga “Vaso Kadia”, pallati tek agjencia, Shkodra
Cambists:
Nderim Pufja, Albana Pufja
Tel. / Fax:
022 45932
Tel.:
022 45098
Mobile:0692061467
“MIÇANI CHANGE FXB LTD., KORÇA
Licence:
No. 183, dated 16.06.2008.
Address:Lagja 7, rruga “Ismail Qemali”, nr. 2, Korça
Cambists:
Jorgaq Micani, Vilson Mara
Tel.:
082 44330
Mobile:0692060685
“PAPI EXCHANGE FXB LTD., KORÇA
Licence:
No. 184, dated 16.06.2008.
Address:Lagja 9, rruga ”Mis Edit Durhan”, Korça
Cambists:
Përparim Rustemi
Tel.:
082 43011
Mobile:0684000825
“MUJAXHI FXB LTD., SHKODRA
Licence:
No. 185, dated 16.06.2008.
Address:Lagja “Vasil Shanto”, rruga “Park”, blloku “Vaso Kadia”, Shkodra
Cambists:
Ermir Mujaxhi, Luan Mujaxhi
Tel.:
022 46762
Mobile:0692022070
“CANI 2005 FXB LTD., ELBASAN
Licence:
No. 186, dated 16.06.2008
Address:Lagja Shenkoll, tregu industrial, Elbasan
Cambists:Gani Cani, Riza Kotherja
Tel.:
054 3330
Mobile:0682097135
“FASETO FXB LTD., LIBRAZHD
Licence:
No. 187, dated 16.06.2008.
Address:Lagja 1, pallati 18, Librazhd
Cambist:
Petrit Facja
Tel.:
051 43091
Mobile:0692182477
“MASUAL FXB LTD., LIBRAZHD
Bank of Albania
109
2011
Licence:
No. 188, dated 16.06.2008.
Address:Lagja 1, përballë filialit të Postës Shqiptare, Librazhd
Cambist:
Meleqe Alla
Tel.:
051 42423
Mobile:0692987105
“RENJA EXCHANGE FXB LTD., KORÇA
Licence:
No. 189, dated 17.06.2008.
Address:Lagja 9, rruga “Miss Edith Durham”, pranë Nd/jes së Ujësjellësit, Korça
Cambist:
Bardhyl Renja
Tel. / Fax:
082 248011
Mobile:0692075664
“N.A.E.L FXB LTD., LEZHA
Licence:
No. 190, dated 25.06.2008.
Address:Lagja “Besëlidhja”, rruga “Luigj Gurakuqi”, ish Raiffeisen Bank, Lezha
Cambist:Leonard Ndoka
Tel.:
021 523566
Mobile:0682072392
“LADELI 2007 FXB LTD., POGRADEC
Licence:
No. 191, dated 09.07.2008.
Address:
Rruga “Spitalit”, lagja 5 (përballë poliklinikës së vjetër), Pogradec
Cambists:Lavdërim Miminllari, Eliverta Miminllari
Tel.:
083 26719
Mobile:0684061945
“LUKA – AGJENSI FXB LTD., LEZHA
Licence:
No. 192, dated 09.07.2008.
Address:
Rruga “Luigj Gurakuqi”, lagjja “Besëlidhja” (pranë ish Raiffeisen Bank),
Lezha
Cambist:
Nikoll Luka
Tel.:
021 522462
Mobile:0682296845
“ELIRIJANA FXB LTD., KORÇA
Licence:
No. 193, dated 10.07.2008.
Address:
Rruga “Kiço Greco”, agjencia e udhëtareve, Korça
Cambists:
Spase Ago, Anesti Zguro
Tel.:
082 246177
Mobile:
0692054856, 0682360217
“ANISA 2007 FXB LTD., KORÇA
Licence:
No. 194, dated 10.07.2008.
Address:
Blloku Rinia, tek ish lokali Rinia, Korça
Cambist:
Shefqet Muço
Tel.:
082 48999
Mobile:0692172184
“LIFO FXB LTD., KORÇA
Licence:
No. 195, dated 11.07.2008.
Address:
Rruga “Midhi Kostani”, zona e Pazarit 1, Korça
Cambist:
Ali Lifo
Tel.:
082 50904
Mobile:0693287021
110
Bank of Albania
2011
“YLLSON SHEHOLLARI FXB LTD., TIRANA
Licence:
No. 196, dated 11.07.2008.
Address:
Rruga “Dibrës”, nr. 231, Tirana
Cambist:Yllson Shehollari
Tel.:
04 2228 403
Mobile:0682374204
“MERO FXB LTD., DEVOLL
Licence:
No. 197 dated 14.07.2008.
Address:
Bulevardi “Fuat Babani”, Bilisht, Devoll
Cambists:
Albert Mero, Alban Fetolli, Alketa Bedulla
Tel.:
081 122331
Mobile:0682029748
Tirana” Ltd.
“H.B FXB LTD., TIRANA
Licence:
No. 198, dated 14.07.2008.
Address:
Blvd. “Zogu I”, Qendra Tregtare Tirana (pranë Bankës Amerikane),
Tirana
Cambist:
Haxhi Bicaku
Tel.:
04 2237 249
Mobile:0682000301
Tirana” Ltd.
“JONI FXB LTD., KAVAJA
Licence:
No. 199, dated 23.07.2008.
Address:Lagjja 3, rruga “Tre Deshmorët”, Kavaja
Cambist:
Cezar Kosova
Tel.:
055 47592
“MAIG 25 FXB LTD., TIRANA
Licence:
No. 200, dated 23.07.2008.
Address:
Rruga “Luigj Gurakuqi”, prane ish foto Skënderbeu, Tirana
Cambist:
Maksim Koka
Mobile:0684089111
“REAL XH. FXB LTD., ELBASAN
Licence:
No. 201, dated 31.07.2008.
Address:
Office 1:Lagjja “28 nëntori”, pallati 109/1, Elbasan
Office 2:Lagjja “Çlirimi”, Rruga “Thoma Kalefi”, Nr. 5, Elbasan
Cambists:
Ismahil Idrizi, Aleksandër Idrizi
Tel.:
054 57870
Mobile:0692103952
“L – MUSTA FXB LTD., KAVAJA
Licence:
No. 202, dated 04.08.2008.
Address:Lagja 3, rruga “Qazim Karriqi”, Kavaja
Cambist:Laim Musta Tel.:
055 247902
Mobile:0682301318
“VALONA CHANGE FXB LTD., VLORA
Licence:
No. 203, dated 11.08.2008.
Address:
Rruga ‘Perlat Rexhepi”, lagja “Osman Haxhiu”, pranë Sahatit, Vlora
Bank of Albania
111
2011
Cambists:Yzedin Jahaj, Sali Amzaj
Tel.:
033 222577
Mobile:0692420342
“UKU FXB LTD., LEZHA
Licence:
No. 204, dated 13.08.2008.
Address:Lagjja “Skënderbeg”, pallati 43, kati I, Lezha
Cambist:
Aleksandër Uku
Tel.:
021 522208
Mobile:0692577432
“E.K.B. – QYLAFKU FXB LTD., TIRANA
Licence:
No. 205, dated 15.08.2008.
Address:
Rruga “Konferenca e Pezës”, pallati 145, shkalla 4, apt. 25, kati I,
Tirana
Cambists:
Bajram Qylafku, Klarita Qylafku
Tel.:
04 2273 589
Mobile:0682137094
“PANTEKO FXB LTD., KUÇOVA
Licence:
No. 206, dated 15.08.2008.
Address:Lagja “Tafil Skendo”, rruga “Naftëtari”, (pranë shkollës private “28
nëntori”), Kuçova
Cambists:Liri Karakashi, Arben Karakashi
Tel.:
031 122054
Mobile:
0682214357, 0682327271
“S.F.A. LEKA FXB LTD., GJIROKASTRA
Licence:
No. 207, dated 15.09.2008.
Address:Lagja “18 shtatori”, Gjirokastra
Cambist:
Skënder Leka
Tel.:
084 262942
Mobile:0682695587
“EDLIR FXB LTD., TIRANA
Licence:
No. 208, dated 16.09.2008.
Address:
Rruga “Llazi Miho”, Kombinat, pranë stacionit të autobuzave, Tirana
Cambists:
Bajram Çela, Jolanda Çela, Ornela Çela, Xhuljan Çela
Tel.:
04 2352 261
Mobile:0682141333
Tirana” Ltd.
“MEGACOLOR-L FXB LTD., TIRANA
Licence:
No. 209, dated 24.09.2008.
Address:
Rruga “Muhamet Gjollesha”, pallati 42/1, Tirana
Cambists:
Enkelejda Dhima, Riselda Hoxha
Tel.:
04 2272 560
Mobile:0692044442
“LIKA AGENCY FXB LTD., PEQIN
Licence:
No. 210, dated 16.10.2008.
Address:
Bulevardi kryesor Peqin
Cambist:Kujtim Lika
Tel.:
051 222623
Mobile:0682736199
112
Bank of Albania
2011
Tirana” Ltd.
“SOTTA - AG FXB LTD., ELBASAN
Licence:
No. 211, dated 16.10.2008.
Address:Lagja “Luigj Gurakuqi”, pallati 73, Elbasan
Cambists:
Sokol Tatzati, Xhemali Liçi
Tel.:
054 258875
Mobile:0692082021
“EXTRA CHANGE FXB LTD., ELBASAN
Licence:
No. 212, dated 16.10.2008.
Address:
Bulevard “Qemal Stafa”, lagjja “Kongresi i Elbasanit”, Elbasan
Cambists:
Adem Ngjela
Mobile:0682999747
“E – BAROLLI FXB LTD., BILISHT
Licence:
No. 213, dated 16.10.2008.
Address:
Sheshi “1 Maj”, Qender Bilisht
Cambist:
Ervehe Baholli
Tel.:
081 122368
Mobile:0692491925
“ANDI – FRANCESCO FXB LTD., BELSH, ELBASAN
Licence:
No. 214, dated 21.10.2008.
Address:Godina 5 kateshe, Qender Belsh, Elbasan
Cambists:
Azis Tafani, Marjeta Tafani
Tel.:
058 22243
Mobile:0682169870
Tirana” Ltd.
“STADE FXB LTD., LUSHNJA
Licence:
No. 215, dated 28.10.2008.
Address:Lagja “Skënder Libohova”, pranë Bashkisë, Lushnja
Cambists:Dhimitër Stambolliu, Abaz Demiri
Mobile:0682126815
“ARDURI FXB LTD., LUSHNJA
Licence:
No. 216, dated 30.10.2008.
Address:Lagjja “Skënder Libohova”, pranë Bashkisë, Lushnja
Cambists:
Arben Durri, Dylber Halla
Tel.:
035 20998
Mobile:0682346342
“AL & TA FXB LTD., TIRANA
Licence:
No. 217, dated 31.10.2008.
Address:
Rruga e Dibrës, pallati ANI, kati i parë, Tirana
Cambists:
Alfred Cenolli, Spartak Dobi
Tel.:
04 2256 726
Mobile:
0692072290, 0693113069
“FREAL-F.K.P FXB LTD., BILISHT
Licence:
No. 218, dated 05.11.2008.
Address:
Bulevardi “Fuat Babani”, pallati 4 (pranë Vodafon), Bilisht
Cambists:
Fredi Kutrolli, Pellump Kutrolli
Bank of Albania
113
2011
Tel.:
081 123300
Mobile:0692099796
“XHAIZ FXB LTD., TIRANA
Licence:
No. 219, dated 05.11.2008.
Address:
Rruga e Dibrës, pallati Aurora Konstruksion, Tirana
Cambists:
Iljaz Ahmati, Xhafer Lala
Tel.:
04 2253 404
Mobile:
0682087281, 0682045566
“ANA – MARIA FXB LTD., BELSH, ELBASAN
Licence:
No. 220, dated 21.11.2008.
Address:
Qendër Belsh, Elbasan
Cambists:
Fatos Hysa, Alketa Hysa
Tel.:
058 22700
Mobile:0683678734
“TOSHI – ELI FXB LTD., TIRANA
Licence:
No. 221, dated 25.11.2008.
Address:
Rruga “Gjergj Legisi”, pallati Nr.12, Kati I, Tirana
Cambist:
Tosh Vata
Mobile:0682205501
“DAMELA FXB LTD., BELSH, ELBASAN
Licence:
No. 222, dated 26.11.2008.
Address:
Cambist:Gazeli Hysa
Tel.:
058 22024
Mobile:0683282710
“ESI – ENA FXB LTD., TIRANA
Licence:
No. 223, dated 15.12.2008.
Address:
Rruga “Llambi Bonata”, pallati 44, shkalla 1, ap. 12, kati I, Tirana
Cambists:Loreta Bajrami, Agron Bajrami
Tel.:
04 2351 722
Mobile:0692069702
“MOGI FXB LTD., TIRANA
Licence:
No. 224, dated 15.12.2008.
Address:
Rruga “Bradhok Biba”, pallati 75, shkalla 6, ap. 22, Tirana
Cambists:
Olimbi Hajdari, Hasan Hajdari
Tel.:
04 2266 041
Mobile:
0694039021, 0693113069
“LANA2 AD FXB LTD., TIRANA
Licence:
No. 225, dated 24.12.2008.
Address:
Rruga “Ali Demi”, pallati 167/1, Tirana
Cambists:
Ixhlale Alimerko, Shyhrete Likaj, Anilda Neziri
Tel.:
04 2376 025
Mobile:0692033511
Tirana” Ltd.
“DPA FXB LTD., TIRANA
114
Bank of Albania
2011
Licence:
No. 226, dated 26.12.2008.
Address:
Qendra Tregtare Univers në autostradën Tiranë - Durrës, km 7, Tirana
Cambists:
Ardian Grori, Endrit Gjoksi
Tel.:
04 2380 154
Mobile:0682631941
Tirana” Ltd.
“R & M TOURS – 2008 FXB LTD., MIRDITA
Licence:
No. 227, dated 29.12.2008.
Address:
Rruga “Shën Vincenso d’Paoli”, Ura e Jakut, pallati 3 katësh, ndarja
nr. 3, Rrëshen, Mirdita
Cambists:
Altin Dodaj, Martin Dodaj
Tel.:
021 723390
Mobile:0693429663
“JMS & D FXB LTD., TIRANA
Licence:
No. 228, dated 19.01.2009.
Address:
Rruga e Elbasanit, pranë filialit të Postës Shqiptare, Tirana
Cambists:
Elida Pergega, Besiana Qatromi, Jurgen Demolli
Tel.:
04 2230 728
Tirana” Ltd.
“NINO - PEPKOLA FXB LTD., RRËSHEN, MIRDITA
Licence:
No. 229, dated 03.02.2009.
Address:
Banesë private, kati I, tregu i lirë, Rrëshen, Mirdita
Cambist:
Artan Pepkola
Tel.:
021 723049
Mobile:0682066147
“GJOCI-INVEST FXB LTD., TIRANA
Licence:
No. 230, dated 04.03.2009.
Address:
Rruga Kodër Kamëz, godinë dy katëshe, kati I, afër urës, Tirana
Cambists:Lavdie Gjoci, Ferit Gjoci
Tel.:
047200876, 048303700
Mobile:0692063048
Tirana” Ltd.
“MERPA FXB LTD., TIRANA
Licence:
No. 231, dated 06.03.2009.
Address:
Bulevardi “Bajram Curri”, pallatet “1 Maj”, shk.6, ap.54, Tirana
Cambists:Lindita Merdani, Tomor Merdani
Tel.:
04 2400 142
Mobile:
0693850550, 0693806942
“V.I.B.A. - I FXB LTD., TIRANA
Licence:
No. 232, dated 12.03.2009.
Address:
Rruga “Punëtoret e Rilindjes”, prapa Lulishte “1 Majit”, poshtë godinës
së Komitetit të Përndjekurve Politikë, Tirana
Cambists:
Alda Elmazaj, Valendita Elmazaj, Bedri Elmazaj
Tel.:
04 2249 511
Mobile:0692437831
Bank of Albania
115
2011
“KLAUD 09 FXB LTD., FIER
Licence:
No. 233, dated 01.04.2009.
Address:Lagja Kastrioti, rruga ”Ramiz Aranitasi”, pll. 198/1, shk. 1, Fier
Cambist:Klaud Meta
Tel.:
034 32206
Mobile:0682077908
“KRISI 08 FXB LTD., FIER
Licence:
No. 234, dated 10.04.2009.
Address:
Rruga ”Aulona”, lagja “Kastrioti”, QTU, Fier
Cambists:Genci Basha
Tel.:
034 249732
Mobile:
0694010817, 0683010817
Tirana” Ltd.
“JORGAQ FXB LTD., VLORA
Licence:
No. 235, dated 22.04.2009.
Address:Lagja “Isa Buletini”, rruga “Sadik Zotaj”, pallati 293, shkalla 1, apt.
nr. 4, Vlora
Cambists:
Vasillaq Marku
Tel.:
033 230241
Mobile:0682162876
“ARISAN FXB LTD., ELBASAN
Licence:
No. 236, dated 04.05.2009.
Address:Lagja “Kongresi i Elbasanit”, bulevardi “Qemal Stafa”, pallati 16,
Elbasan
Cambists:
Hasan Pepa, Neim Hoxha
Tel.:
054 244705
“UNICORNER FXB LTD., ELBASAN
Licence:
No. 237, dated 05.05.2009.
Address:Lagja “Luigj Gurakuqi”, bulevardi “Qemal Stafa”, pallati 13, kati I,
njësia nr. 1, Elbasan
Cambist:Dionis Biça
Mobile:0692054726
“GE-AR-FRE FXB LTD., TIRANA
Licence:
No. 238, dated 05.05.2009.
Address:
Rruga “Reshit Çollaku”, pallatet e Shallvareve (bodrum), Tirana
Cambists:
Fredi Çami, Skënder Jahjolli
Tel.:
04 2400 217
Mobile:0692083731
“DELFINI 2 FXB LTD., DURRËS
Licence:
No. 239, dated 20.05.2009.
Address:
Porti Detar, Durrës
Cambists:
Muharrem Tepshi, Naile Tepshi
Tel.:
052 237364
Mobile:0692093534
116
Bank of Albania
2011
“HAFEKO FXB LTD., DURRËS
Licence:
No. 240, dated 24.07.2009.
Address:Lagja Nr. 6, rruga “Mujo Ulqinaku”, pallati 335, kati I, Durrës
Cambists:
Haxhi Kotarja
Tel.:
052 231210
Mobile:0682157889
“ABAT – 2009 FXB LTD., TIRANA
Licence:
No. 241, dated 28.07.2009.
Address:
Rruga “Sadik Petrela”, 100 m mbi disko Venue, Tirana
Cambist:
Andi Teneqexhi
Tel.:
04 2421 403
Mobile:0692087014
“XHANGARË FXB LTD., ROSKOVEC, FIER
Licence:
No. 242, dated 07.09.2009.
Address:Lagja nr. 1, sheshi qendror, pallati 12, kati I, Roskovec, Fier
Cambist:
Ferdije Cepele
Mobile:0692082273
“UNION – GOLD FXB LTD., TIRANA
Licence:
No. 243, dated 09.09.2009.
Address:
Rruga e Kavajës, pallati 4, dyqani 2 (pallati me shigjeta), Tirana
Cambists:
Sagena Çaçi, Shefqet Hoxha
Tel.:
04 2421 546
Mobile:0692112192
“P– PANEL –2008 FXB LTD., TIRANA
Licence:
No. 244, dated 11.09.2009.
Address:
Rruga “Ndre Mjeda” përballë Qëndrës Tregtare Condor, Tirana
Cambists:
Anisa Papadhima, Dritan Selenica
Tel.:
04 2260 133
Mobile:
0672761865, 0672600216
“FORGALI FXB LTD., TIRANA
Licence:
No. 245, dated 18.09.2009.
Address:
Bulevardi “Bajram Curri” Pallatet Agimi, Shk 1, Ap.8 (prane Kinema
Agimit), Tirana
Cambists:Kadri Forgali, Klevis Forgali
Tel.:
04 2227 075
Mobile:0672736179
“MRRUKU FXB LTD., TIRANA
Licence:
No. 246, dated 02.10.2009.
Address:
Rruga e Kavajës, pallati 3 (pranë klinikës dentare UFO), Tirana
Cambists:
Altin Zyberi, Shtjefen Mrruku
Tel.:
04 2255 512
Mobile:0682084700
“ROYAL FOREX FXB LTD., TIRANA
Licence:
No. 247, dated 09.10.2009.
Address:
Bulevardi “Bajram Curri”, pallatet e Aviacionit, shkalla 3/1, apt. 7,
Tirana
Cambist:
Arben Dragusha
Bank of Albania
117
2011
Tel.:
04 2246 902
Mobile:0692165020
“VINSENT CHANGE FXB LTD., VLORA
Licence:
No. 248, dated 26.10.2009.
Address:
Rruga “Sadik Zotaj”, kullat Kollozi, kati I, Vlora
Cambist:
Altin Troka
Tel.:
033 200030
Mobile:0694033991
“SHABA – TRANSFERTE FXB LTD., KAVAJA
Licence:
No. 249, dated 03.11.2009.
Address:Lagja nr. 2, godinë 1 katëshe, pranë ish-bashkisë, Kavaja
Cambists:
Vahid Shaba
Mobile:0683012296
“EDALEM FXB LTD., BELSH, ELBASAN
Licence:
No. 250, dated 11.11.2009.
Address:
Cambists:
Hysen Hysa, Emiljano Hysa
Mobile:0682320350
“AGJEKA 2009 FXB LTD., KORÇA
Licence:
No. 251, dated 11.11.2009.
Address:Lagja nr. 7, BLLOKU “28 Nëntori” (pranë librarisë), Korça
Cambists:
Pavllo Emini, Urim Progri
Tel.:
082 257540
Mobile:0692917848
“BRACKO FXB LTD., GJIROKASTRA
Licence:
No. 252, dated 12.11.2009.
Address:Lagja “18 Shtatori”, godinë 1 katëshe (përballë farmacive të qytetit),
Gjirokastra
Cambists:
Tahir Çelo
Tel.:
084 277717
“ALL OF SERVICE TRANS FXB LTD., LUSHNJA
Licence:
No. 253, dated 25.11.2009.
Address:
Office 1, Rruga e Durrësit (Ndërtesa ish kafe Flora), kati I, Tirana
Office 2, Lagja “Skënder Libohova”, nr. 21, Lushnja
Cambists:
Platin Tarelli, Dëfrim Tarelli, Altin Torba, Edmond Ajdini
Tel.:
042 226595 (Office 1), 035 222987 (Office 2)
Mobile:0682053995
Tirana” Ltd.
“ARBA – 01 FXB LTD., TIRANA
Licence:
No. 254, dated 25.11.2009.
Address:
Rruga e Elbasanit, (pranë degës së Alpha Bank), Tirana
Cambists:
Agron Mahmuti, Odhisea Anagnosti, Ervin Shehu
Tel.:
04 2344320, 234 4628
Tirana” Ltd.
“RENATO FXB LTD., FIER
Licence:
No. 255, dated 26.11.2009.
Address:Lagja “Konferenca e Pezës”, Rruga Peza 2, pallati 85, kati I, Fier
118
Bank of Albania
2011
Cambists:
Renato Mucaj, Juland Ferzaj, Muco Mucaj, Bekim Shehaj
Tel.:
034 231567
Mobile:0692078501
Tirana” Ltd.
“NX-ELVI FXB LTD., TIRANA
Licence:
No. 256, dated 14.12.2009.
Address:
Rruga “Qemal Stafa”, përballë Prokurorisë së Përgjithshme, Tirana
Cambists:
Nderim Saraci, Myrteza Kadria
Tel.:
04 2278 114
Mobile:0682279737
Tirana” Ltd.
“EXCHANGE L-D FXB LTD., TIRANA
Licence:
No. 257, dated 14.12.2009.
Address:
Rruga “Abdyl Frashwri”, pallati Hekla, kati I, ngjitur me Euromax, Tirana
Cambist:
Skender Hasani
Tel.:
04 2261 595
Mobile:0692097513
Tirana” Ltd.
“PATRIK & DANIEL FXB LTD., TIRANA
Licence:
No. 258, dated 28.12.2009.
Address:
Rruga ”Asdreni”, pallati 4, shkalla 5, apt. 68, Tirana
Cambists:Dalina Kumani, Astrit Kumani
Tel.:
04 237 6410
Fax:
04 237 6410
Mobile:
0692103390, 0682590799
Tirana” Ltd.
“LUZATI FXB LTD., TIRANA
Licence:
No. 259, dated 30.12.2009.
Address:
Rruga “Komuna e Parisit”, pallati SARAEL, Kulla 1, Tirana
Cambists:
Shpetim Luzati, Elton Luzati
Tel.:
04 232 0032
Fax:
04 232 0032
Mobile:0694344100
Tirana” Ltd.
“HANXHARI - EDJA FXB LTD., VLORA
Licence:
No. 260, dated 08.01.2010.
Address:
Rruga “Sadik Zotaj“, 50m larg Bankes Raiffeisen, Vlora
Cambist:
Edja Hanxhari
Tel.:
033 224408
Mobile:0692065372
“PAULO - 2006 FXB LTD., TIRANA
Licence:
No. 261, dated 08.01.2010.
Address:
Rruga ”Ismail Qemali”, përballë picerise Era, Tirana
Cambist:
Pellump Ramaj
Tel.:
04 224 4638
Bank of Albania
119
2011
Mobile:0672010529
“TONIK FXB LTD., TIRANA
Licence:
No. 262, dated 12.01.2010.
Address:
Rruga “Frang Bardhi”, godina 4-katëshe (Vala Kompani), Selitë, Tirana
Cambist:
Petrit Prrenjasi
Tel.:
04 232 0661
Mobile:0692085750
Tirana” Ltd.
“EDI - 2006 FXB LTD., TIRANA
Licence:
No. 263, dated 13.01.2010.
Address:Lagja nr. 3, Bathore, Kamëz, Tirana
Cambist:Lazam Troci
Tel.:
048 303932
Mobile:0682055716
Tirana” Ltd.
“GOSTIMA UNION FXB LTD., ELBASAN
Licence:
No. 264, dated 21.01.2010.
Address:
Fshati Gostimë, Komuna Qendër, Elbasan
Cambist:
Nuri Plaka
Tel.:
058 720196
Fax:
058 720196
Mobile:0682208323
Tirana” Ltd.
“DAILA – 2007 FXB LTD., VLORA
Licence:
No. 265, dated 21.01.2010.
Address:
Rruga “Sadik Zotaj”, pallati 372, Vlora
Cambist:
Xhevaire Meçaj
Tel.:
033 400204
Fax:
033 400204
Mobile:0682281100
“KIGE FXB LTD., VLORA
Licence:
No. 266, dated 22.01.2010.
Address:Lagja “28 Nëntori”, rruga “8 Marsi”, Vlora
Cambists:
Besnik Kapllani, Arben Aliraj, Apostol Jaso
Tel.:
033 237991
Mobile:0692047332
“TABE FXB LTD., KORÇA
Licence:
No. 267, dated 01.02.2010.
Address:Lagja 9, Rruga “Miss Edit Durham”, Korça
Cambists:
Taqo Plloça, Arben Lifo
Tel.:
082 57911
Mobile:0682691727
“KOLETA FXB LTD., KORÇA
Licence:
No.268, dated 02.02.2010.
Address:Lagja 8, Blloku 8 Nentori, Prane gjimnazit “Themostokli Germenji”,
Korçë
120
Bank of Albania
2011
Cambist:
Thoma Koleta
Mobile:0692454490
“CIMI SHEMBITRAKU FXB LTD., KORÇA
Licence:
No. 269, dated 03.02.2010.
Address:
Rruga “Fan Stilian Noli”, lagja 7, blloku ”8 nëntori”, pallati 2, kati I,
Korça
Cambist:
Shkelqim Shembitraku
Mobile:0692216370
“PRRENJASI UNION FXB LTD., PRRENJAS
Licence:
No. 270, dated 03.02.2010.
Address:
Bulevardi “Rinia”, Office prane Western Union, Prrenjas
Cambists:
Nadire Tola, Fatmira Albajrami
Tel.:
059 122354
Mobile:
0692933568, 0692049472
Tirana” Ltd.
“AGIMI-UNION FXB LTD., ELBASAN
Licence:
No.271, dated 04.02.2010.
Address:
Rruga “11 Nentori”, Pallati 38, Elbasan
Cambist:
Xhaneta Stafa
Tel.:
054 259 455, 054 257 853
Tirana” Ltd.
“SELEKT FXB LTD., LUSHNJA
Licence:
No.272, dated 05.02.2010.
Address:Lagja ”Skender Libohova”, Lushnja
Cambist:
Hamlet Gega
Tel.:
035 220838
Mobile:0682095677
Tirana” Ltd.
“GOLDEN DINAR FXB LTD., DURRËS
Licence:
No. 273, dated 12.02.2010.
Address:Lagja nr.5, Rruga “Mujo Ulqinaku”Pallati “Arvi”Kati I, Durrës
Cambist:Luan Zeko
Tel.:
052 238177
Mobile:0692083277
“REINARDI FXB LTD., VLORA
Licence:
No. 274, dated 12.02.2010.
Address:
Bulevardi Vlore-Skele, Perballe”Kalit te Trojes”, Vlora
Cambist:
Adelina Metaj
Tel.:
033 238758
Mobile:0682155706
“ERIS AL FXB LTD., LIBRAZHD
Licence:
No. 275, dated 07.04.2010.
Address:
Bulevardi kryesor, Librazhd
Cambists:
Ndriçim Tola
Tel.:
051 423899, 051 423444
Bank of Albania
121
2011
Mobile:0692020911
Tirana” Ltd.
“GEGA - BOGDANI FXB LTD., PRRENJAS
Licence:
No. 276, dated 07.04. 2010.
Address:
Rruga Nacionale, Lagja nr.2, Pallati 30, Shk 1, Ap.2, Pranë Stadiumit,
Prrenjas
Cambist:
Agron Gega
Mobile:0682613037
“EXCHENGE MALO & MANI FXB LTD., POGRADEC
Licence:
No. 277, dated 12.04.2010.
Address:Lagja nr. 3, rruga “Kajo Karafili”, pallati perballe furgonave per Tirane,
kati I, Pogradec
Cambists:
Maliq Bego, Mani Sinanaj
Tel.:
083 225231
Mobile:0684096836
“XHEVAHIRI - 2010 FXB LTD., LEZHA
Licence:
No. 279, dated 14.04.2010.
Address:Lagja Beslidhja, Rruga “Luigj Gurakuqi”, Pallati 3-katësh, Kati I, perballe
Bankes Raiffeisen, Lezha
Cambist:
Xhevahir Gjini
Tel.:
021 522387
“MARSILDA FXB LTD., VLORA
Licence:
No. 280, dated 23.04.2010.
Address:
Office 1. Orikum, Qendër (pranë PTT)
Office 2. Novosele, Qendër
Office 3. Selenice, Qendër
Office 4. Frakull, përbri shkollës 9-vjeçare
Cambists:
Fatbardha Beja, Pranvera Mejdiaj, Marjus Memushaj, Shezai
Aliaj, Blerta Abazaj
Tel.:
039 12322
Mobile:0692266331
Tirana” Ltd.
“SONI DURAL FXB LTD., TIRANA
Licence:
No. 281, dated 26.04.2010.
Address:
Rruga “Luigj Gurakuqi“, Pallati 24/1, Tirana
Cambists:
Ilirjan Cara, Flora Cara
Tel.:
04 225 7154
Mobile:0692093717
“SIAL FXB LTD., ELBASAN
Licence:
No. 282, dated 26.04.2010.
Address:
Fshati Bishqem, Komuna Pajovë, Peqin (pranë shkollës 9-vjeçare
Bishqem), Elbasan
Cambists:
Fatos Sinani, Yllka Sinani, Kujtim Vogli
Tel.:
058 070086
Mobile:
0692063560, 0692333699
Tirana” Ltd.
122
Bank of Albania
2011
“TELE.CO&CONSTRUCTION FXB LTD., FIER
Licence:
No. 283, dated 28.04.2010.
Address:Lagja Kastrioti, prane Bankes Raiffeisen, Fier
Cambists:
Tatjana Çobo, Edmira Gjeçi
Tel.:
034 502531
Mobile:0692086562
Tirana” Ltd.
“ARSEN 2010 FXB LTD., VLORA
Licence:
No. 284, dated 13.05.2010.
Address:Lagja 24 Maji, Rruga “Miss Durhan”, Pallati i ri Golemi, Kati I, Vlora
Cambist:
Alma Biça
Tel.:
033 403263
Mobile:0692163159
“EMILY-TRAVEL FXB LTD., LUSHNJA
Licence:
No. 285, dated 19.05.2010.
Address:Lagja “Xhevdet Nepravishta”, Prane Poliklinikes Qendrore, Lushnja
Cambists:
Jemin Meçi, Ilirjan Meçi, Gentjan Meçi, Armand Meçi, Robert Kadiu
Tel.:
035 225977
“AMADEUS TRAWELL AND TOURS FXB LTD., TIRANA
Licence:
No. 286, dated 24.05.2010.
Address:
Zyrë brenda Aeroportit Rinas, kati I, fshati Rinas, Komuna Nikel, Durrës
Cambists:
Enkela Sollaku, Gjergji Sollaku
Tel.:
04 238 1974 (Office Rinas), 04 224 7490 (Headquarters“Torre Drin“,
Tirana)
Mobile:0682062130
“FLORI 2010 FXB LTD., TIRANA
Licence:
No.287, dated 27.05.2010.
Address:Lagja Nr. 5, Rruga “Mihal Duri”Nr. 22 (prapa Ministrisë së Turizmit),
Tirana
Cambists:
Florian Merxhushi, Nail Merxhushi
Tel.:
04 280 7844
Mobile:0692315034
“MARFIN FXB LTD., ELBASAN
Licence:
No. 288, dated 27.05.2010.
Address:Lagja “Luigj Gurakuqi”, pallati 70, kati I, Elbasan
Cambists:
Marsida Ashiku, Altin Ashiku
Tel.:
054 246767
Fax:
054 246767
Mobile:0692926313
“NILDAVIS FXB LTD., TIRANA
Licence:
No. 289, dated 01.06.2010.
Address:
Rruga “Azem Hajdari”, Banese nr.3, Bathore, Tirana
Cambist:
Riza Cani
Mobile:0683414111
Bank of Albania
123
2011
“EXCHANGE LEKA 010 FXB LTD., POGRADEC
Licence:
No. 290, dated 01.06.2010.
Address:
Rruga “Europa”, Lagja nr.3, Pallati prane valutes, Kati I, Pogradec
Cambists:
Agron Leka
Mobile:0694370260
“BESHIRI FXB LTD., TIRANA
Licence:
No. 292, dated 04.06.2010.
Address:
Rruga “Urani Pano”, Pallati i ri prapa Hotel Tiranes, Kati I, Tirana
Cambists:
Arben Beshiri, Arben Vaqari
Mobile:0682023922
“MIRI & ANI EXCHANGE FXB LTD., VLORA
Licence:
No. 293, dated 21.06.2010.
Address:Lagja 28 Nentori, prane librarise qendrore, Vlora
Cambist:
Fatmir Mataj
Tel.:
033 238147
Mobile:0682420606
“LUDIANNA FXB LTD., TIRANA
Licence:
No. 294, dated 30.06.2010.
Address:
Bulevardi “Gjergj Fishta”, Pallati 8, tek Enti Rregullator i Energjisë,
Tirana
Cambist:Lumturi Cjapi
Tel.:
04 226 0025 Mobile:0694031219
“REI - 2010 FXB LTD., LUSHNJA
Licence:
No. 295, dated 01.07.2010.
Address:Lagja “Skender Libohova”, Pallati 5 katesh, Kati I, prane BKT, Lushnja
Cambist:
Avni Shuli
Mobile:0692076179
“KEBEST FXB LTD., TIRANË
Licence:
No. 296, dated 05.07.2010.
Address:
Rruga “Durresit”, Pallatet Gintash, Laprakë, Tirana
Cambists:
Eglantina Baroka, Sokol Baroka
Tel.:
04 241 3030
Mobile:0672084031
“NOKA - 2010 FXB LTD., TIRANA
Licence:
No. 297, dated 13.07.2010.
Address:
Office 1. Rruga George W Bush, Pallati 5 Katësh, Kati 1, mbrapa
Monumentit të Partizanit të Panjohur, Tirana
Office 2. Rruga e Dibrës, Pallati “Ani”, përballë Hotel Stela, Tirana
Cambists:
Ismen Noka, Florin Noka, Eni Shkembi
Tel.:
04 223 5075
Mobile:0692073375
Tirana” Ltd.
“SMART EXCHANGE FXB LTD., TIRANA
Licence:
No. 298, dated 13.07.2010.
Address:
Rruga e Durresit, Pallatet Gintash, Dyqani nr.8, Laprakë, Tirana
Cambist:
Nylbi Basha
124
Bank of Albania
2011
Mobile:0692058711
“NE-O-AL FXB LTD., TIRANA
Licence:
No. 299, dated 16.07.2010.
Address:
Office 1. Rruga Tirane-Dajt, Qesarake, Pranë Restorant Freskut, Tirana
Office 2. Rruga e Dibrës, Pallati 330, Shk.3, Ap.14, Tiranë
Cambists:
Andrea Onjea, Agim Tato
Tel.:
04 236 4269, 04 236 6749
Mobile:0694045090
“SALILLARI H.T.K FXB LTD., DURRËS
Licence:
No. 300, dated 16.07.2010.
Address:
Pranë mbikalimit Sukth i Ri, Durrës
Cambist:
Tefta Salillari
Tel.:
057 122360
“2F CONSTRUKSION VG FXB LTD., ELBASAN
Licence:
No. 301, dated 20.07.2010.
Address:
Fshati Gostim, 100 metra pranë kryqëzimit, Elbasan
Cambists:
Fatmira Dhepa, Nertila Dhepa
Tel.:
058 720500
Mobile:068222555
“PUNTO PER PUNTO FXB LTD., TIRANA
Licence:
No. 302, dated 21.07.2010.
Address:
Office No.1:Rruga ”Myslym Shyri”, 60/1, Hyrja 3, Tirana
Office No.2:Rruga “Kavajës”, Pallati 219, Shkalla 1, Ap. 2, Tirana
Office No.3:Rruga ‘’Myslym Shyri”, Pallati 56/2, Tiranë
Office No.4:Rruga “Bardhyl’’, Pallati 12, Shkalla 2, Ap. 8, Tirana
Cambists:
Ardian Kazaferi, Leonard Pelari, Griselda Izvira, Rozarta Bukaçi, Jetmira
Zhuri, Gerta Pashollari, Liljana Kastrioti
Tel.:
04 242 6344
Mobile:0672025475
Tirana” Ltd.
“O 2 FXB LTD., TIRANA
Licence:
No. 303, dated 13.08.2010.
Address:
Office 1:Rruga”Sulejman Delvina”, Dyqani pranë postës nr.8, Tirana
Office 2:Rruga “Luigj Gurakuqi”, nr. 6 Tirana
Cambists:
Ilirjan Turkoviç, Maldi Zhabjaku
Tel.:
04 240 7698
Mobile:
0682064044, 0682135747
“EDJONA FXB LTD., VLORA
Licence:
No. 304, dated 24.08.2010.
Address:
Rruga”Halile”, Lagja Kushtrimi, Pallati 1336, Vlora
Cambist:
Eriona Bregu
Tel.:
033 239575
Mobile:0692277510
“KLOMIR FXB LTD., TIRANA
Licence:
No. 305, dated 27.08.2010.
Bank of Albania
125
2011
Address:
Rruga”Demokracia”, Qënder Vorë, Tirana
Cambist:Dervish Mema
Tel.:047600-307
Mobile:0672620900
“KLOBES FXB LTD., GRAMSH
Licence:
No. 306, dated 02.09.2010.
Address:
Bulevardi “10 Korriku” Lagja Holta, prane OSSH-se, Ndertese njekateshe, Gramsh
Cambist:Klodjan Braçja
Mobile:0672082548
“MOBAL ALBANIA FXB LTD., TIRANA
Licence:
No. 307, dated 02.09.2010.
Address:
Rruga “Dëshmorët e 4 Shkurtit”, Pallati “Sky Towers”, Tirana
Cambist:
Mirela Tesho
Tel.:
048202-202/3, 042223-254
Mobile:0682090109
Tirana” Ltd.
“UNION SELVIA FXB LTD., TIRANA
Licence:
No. 308, dated 07.09.2010.
Address:
Rruga Dibres, tek Selvija, Pallati AK, Kati 1, nr.2, Tirana
Cambists:Lavdije Noka
Tel.:042253-404
Mobile:0686071160
Tirana” Ltd.
“VARANGU FXB LTD., TIRANA
Licence:
No. 309, dated 08.09.2010.
Address:
Rruga “Xhanfize Keko”, Pallati 2, shk.1, Ap.2. Tirana
Cambist:
Vladimir Varangu
Tel.:042345-331
Mobile:0682126451
“TERINI TRAVEL AGENCY FXB LTD., SARANDA
Licence:
No. 310, dated 14.09.2010.
Address:Lagja nr.4, Rruga “Mithat Hoxha”, Saranda
Cambists:
Fatos Demiri
Tel.:085224-985
Mobile:0692094030
“ERBIAL FXB LTD., KOPLIK
Licence:
No. 311, dated 15.09.2010.
Address:Koplik Qender, Malesi e Madhe, Perballe Hebaj Center, Koplik
Cambists:
Ilir Rexhvelaj, Luan Rexhvelaj
Tel.:021123-000
Mobile:0694023808
“NIKOVA FXB LTD., TIRANA
126
Bank of Albania
2011
Licence:
No. 312, dated 23.09.2010.
Address:
Rruga “Ferit Xhajko”, Nr.24/6, Tirana
Cambists:Kudrete Vardhami, Denisa Nanaj, Niko Vardhami
Tel.:
2340-366 Mobile:0682038819
“MBK IMPORT EKSPORT FXB LTD., TIRANA
Licence:
No. 313, dated 29.09.2010.
Address:Rruga “Sulejman Delvina”, Perballe Hotel Diplomat 12/1, Tirana
Cambists:Klaidi Lika, Elisabeta Bakullari, Olsi Hastoçi, Denis Mere
Tel.:
04 2480 870
Mobile:0692090705
“ERGI-UNION FXB LTD., DURRËS
Licence:
No. 314, dated 29.09.2010.
Address:Lagjja Nr. 14, 200 metra larg Gjykatës së Apelit, Shkozet, Durrës
Cambists:
Andi Bleta, Ervis Shala
Tel.:
052 265249
Mobile:0692131551
Tirana” Ltd.
“E&J. KERÇIKU’’ SH.P.K TIRANA
Licence:
No. 315, dated 05.10.2010.
Address:
Rr. “Lord Bajron”, Nd. 22, H. 4, Tirana
Cambist:
Eqerem Kërçiku
Tel.:
04 2237695
Mobile:0682226983
“KALEMI TRAVEL & EXCHANGE FXB LTD., TIRANA
Licence:
No. 316, dated 11.10.2010.
Address:
Rr. “Sami Frashëri”, Pallati Coloseu, Kati i I-rë, Tirana
Cambist:
Marsel Kalemi
Tel.:
04 2254826
Mobile:0692296057
“V - FOREX FXB LTD., TIRANA
Licence:
No. 317, dated 22.10.2010.
Address:Rruga “Dëshmorët e 4 Shkurtit”, Pall. nr. 138, Kati i I-rë, Perballe Ambasadës
Ruse, Tirana
Cambists:
Ervin Shehu, Adelina Kajo
Tel.:
04 2240499
Mobile:0695454828
Tirana” Ltd.
“BANERT FXB LTD., VLORA
Licence:
No. 318, dated 26.10.2010.
Address:Lagja “29 Nëntori’’, Rr. “Sadik Zotaj’’ Pallati 517, Vlora
Cambist:
Alban Duka
Tel.:
033 408190
Mobile:
0682065801, 0695692502
“TENDI UNION FXB LTD., TIRANA
Bank of Albania
127
2011
Licence:
Address:
Cambists:
Tel.:
No. 319, dated 29.10.2010.
Rruga “Don Bosko’’, Pall. 133, Shk. 1, Kati 1, Tirana
Marjana Guda, Ina Kamberi dhe Dashmira Qinami
04 2256655
Tirana” Ltd.
“ARTOS-OR FXB LTD., ELBASAN
Licence:
No. 320, dated 04.11.2010.
Address:Lagja “Kongresi i Elbasanit”, Bulevardi “Qemal Stafa”, Pallati nr.12,
Kati I, Elbasan
Cambist:
Arif Tosku
Tel.:
054244487 Mobile:0692027989
“GOLEMI-LXH FXB LTD., TIRANA
Licence:
No. 321, dated 08.11.2010.
Address:
Rr. “Sami Frashëri’’, Pallai 17, Kati 1, Tirana
Cambists:
Manush Meshau, Ylli Meshau
Mobile:0682649114
“MADRI UNION FXB LTD., TIRANA
Licence:
No. 322, dated 22.11.2010.
Address:
Rr. “‘Arkitekt Kasemi’’, Pallati Nr.240/1, Ap.1,Kati 1 Tirana
Cambists:
Majlinda Gjoza, Marsela Gjoza, Dritan Rustemi, Alminda Gjoka, Vilma
Shehi, Malvina Ibra, Gerta Reka
Tel.:
04 2345539
Mobile:0672028609
“GALAKTIK TRAVEL FXB LTD., DURRËS
Licence:
No. 323, dated 25.11.2010.
Address:Lagjja ‘‘13’’, Rr. “‘Pavarësia”‘, Përballë ish-frigoriferit, Plazh, Durrës
Cambists:Luan Taipi
Tel.:
052 262274
Mobile:0692020095
“ENID 2010 FXB LTD., DURRËS
Licence:
No. 324, dated 26.11.2010.
Address:Lagja 12, sheshi “Nako Spiro’’, tek autobuzi i NISH Tulla, pallati te
byrektoret, kati i 1, Durrës
Cambists:
Abdi Mane, Dine Malo
Tel.:
052 236246
Mobile:
0682039277, 0682226000
“OCEANBLU FXB LTD., TIRANA
Licence:
No. 325, dated 28.12.2010.
Address:
Bulevardi “Bajram Curri”, dyqan në katin përdhe në pallatin përballë
Gjykatës së rrethit Tiranë, Tirana
Cambist:
Murat Ferruni
Tel.:
04 2270349
Mobile:0672033222
“LADI CHANGE FXB LTD., VLORA
Licence:
No. 326, dated 05.01.2011.
Address:Lagjja “Osman Haxhiu”, Pallati Nr. 537, Kati 1, tek Posta Qendrore,
128
Bank of Albania
2011
Vlora
Cambist:Lavdosh Ibrahimi
Tel.:
033 239189
Mobile:0692150302
“MARPIONI FXB LTD., VLORA
Licence:
No. 327, dated 05.01.2011.
Address:Lagja ‘‘Isa Buletini”, Rruga ‘‘Sadik Zotaj’’, pallati Nr. 1198, kati i 1,
Vlora
Cambist:
Aristotel Papa
Tel.:
033 222464
Mobile:0684024246
“LONDON TRAVEL FXB LTD., KAVAJA
Licence:
No. 328, dated 12.01.2011.
Address:Lagja nr.2, rruga “Jurgen Trade“, lokali perballe ish-Bashkise, Kavaja
Cambists:
Aviola Kumbaro, Benet Kumbaro, Arjan Maliqati, Elmira Kumbara
Tel.:
055 242667/5620
Fax:
055 242698
“E-RESULAJ FXB LTD., FIER
Licence:
No. 329, dated 14.04.2011.
Address:Lagja “29 Nëntori”, rruga “Kastriot Muço”, pallati 6, kati 1, Fier
Cambist:
Edi Resulaj
Tel.:
034 222111
Mobile:0696021221
“ITAL-MARKET FXB LTD., TIRANA
Licence:
No. 330, dated 14.04.2011.
Address:
Bulevardi “Bajram Curri”, pallatet “1 Maji”, nr. 24/2, Tirana
Cambists:
Fation Xhindoli, Jonida Ziu
Tel.:
04 4517678
Mobile:
0692506620, 0692089105
“TAD FXB LTD., TIRANA
Licence:
No. 331, dated 05.05.2011.
Address:
Rruga “Robert Zhvarc”, Farke, Tirana
Cambists:
Albana Tahiraj, Marlen Tahiraj
Tel.:042482850
Mobile:0674095578
Tirana” Ltd.
“EGLANT & ANI FXB LTD., TIRANA
Licence:
No. 332, dated 25.05.2011.
Address:
Rr. “Bajram Curritit”, Pallati pranë lokalit Palma e Artë, Kati i 1, Tirana
Cambists:
Arjan Haxho, Viktor Haxho
Tel.:
04 2263584
Mobile:0692388808
Tirana” Ltd.
“UNION CITY PARK FXB LTD., TIRANA
Licence:
No. 333, dated 27.05.2011.
Bank of Albania
129
2011
Address:
Autostrada Tiranë-Durrës, Km 10, Qendra Tregtare City Park, Vorë,
Tirana
Cambist:
Eltjon Xhani
Tel.:
04 509132
Mobile:0666055558
Tirana” Ltd.
“ATLANTIKU LU-02 FXB LTD., LUSHNJA
Licence:
No. 334, dated 09.06.2011.
Address:Lagja “Skënder Libohova”, Pallati 3 Katësh, në katin e parë, përballë
Bashkisë, Lushnja
Cambist:
Enea Myftari
Tel.:
035 222158
Mobile:
0682088548; 0695121898
“ADVI FXB LTD., TIRANA
Licence:
No. 335, dated 23.08.2011.
Address:
Rruga “Gjergj Fishta”, Dyqani nr.3, Kati i I-rë, Tirana
Cambists:
Viktor Hoxha, Adem Selamaj
Mobile:
0682231100, 0682208668
“ILIA CIKO FXB LTD., KORÇA
Licence:
No. 336, dated 26.08.2011.
Address:Lagja 7, Bulevardi “Shen Gjergji”, tek turizmi Behar Kocibelli, Korça
Cambists:
Ilia Ciko, Agron Paci
Mobile:0692098683
“A.E.XH FXB LTD., TIRANA
Licence:
No. 337, dated 14.10.2011.
Address:
Rruga “Pandi Dardha”, Pallati 48/1, perballe ish-merkates se vjeter,
Kati I, Njesia nr.2, Laprake, Tirana
Cambists:
Xhevat Lazri, Etjon Lazri
Tel.:04256094
Mobile:0682000420
Tirana” Ltd.
“DALANI 2011 FXB LTD., TIRANA
Licence:
No. 338, dated 24.10.2011.
Address:
Bulevardi “Bajram Curri”, Pallati nr.4, Shkalla Nr.3, Tirana
Cambist:
Altin Dalani
Tel.:
04 2340874
Mobile:0693745732
GLEI EXCHANGE FXB LTD., TIRANA
Licence:
No. 339, dated 28.10.2011.
Address:
Sheshi “Sulejman Pasha”, Ndërtesa Nr.2, Hyrja Nr.3, Tirana
Cambists:
Fredi Vata, Doriana Vata
Tel.:
04 2249730
Mobile:0682025111
Tirana” Ltd.
130
Bank of Albania
2011
KASTRO & MANDI FXB LTD., TIRANA
Licence:
No. 340, dated 09.11.2011.
Address:
Rruga “Kavajës”, Nr. 16, Tirana
Cambists:Kozeta Shehu, Nertila Shehu, Kastriot Murati
Tel.:
04 4816604
Mobile:0696274900
MARGI FXB LTD., ELBASAN
Licence:
No. 341, dated 10.11.2011.
Address:Lagja Kongresi i Elbasanit, Bulevardi Qemal Stafa, Pallati nr.26, Kati
i parë, Elbasan
Cambists:
Arben Kovaçi, Alfred Kaxhiu
Tel.:54241921
Mobile:0672957002
E & H LILA FXB LTD., TIRANA
Licence:
No. 342, dated 15.11.2011.
Address:
Rruga e Durrësit, dyqani nr. 2, ngjitur me restorant “Napoli”, Tirana
Cambist:
File Lila
Tel.:
04 451 9802
Mobile:0692059363
ENEA TRAVEL 2011 FXB LTD., POGRADEC
Licence:
No. 343, dated 21.11.2011.
Address:
Rruga “Kajo Karafili”, Lagja 167, Kati I, Pogradec
Cambists:
Marjan Fezollari, Enxhi Kulari
Tel.:083226859
Mobile:0684815382
ÇAUSHI&ONJEA – 2010 FXB LTD., SARANDA
Licence:
No. 344, dated 22.12.2011.
Address:Lagja nr. 2, godinë 4-katëshe, rruga “Onhezmi”, Saranda
Cambists:
Baftjar Çaushi, Qemal Onjea
Mobile:
0692347843, 0692306451
Bank of Albania
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2011 SuperviSion AnnuAl report

Transcription

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