Through a resolution, the Parliamentary Commission of Economy asked the
Bank of Albania to produce restrictive measure that will stop private
banks from investing money outside the country.
“The policies of the Bank of Albania might be focused on the investment inside our country, because there is an increase of money invested outside. The level of loans fell during the past year, but Bank profits increased with 40%. They invest that money somewhere”, declared the former Minister of Finances, Ridvan Bode.
By the end of 2013, the Bank Investments reached 2.85 billion USD, or 14.3% more than one year ago. This flux of money abroad was followed with a drop of the money inside our country, especially as loans, which dropped in the last year with 1.8%.
Anastas Angjeli, planner of the resolution, declared that the bank of Albania should intervene harder to support the economy. “The Albanian people must know that there are two expensive goods in our market today, and that’s money and fuel. Buying currency is expensive, and we cannot say that the Bank has no role in this point, as long as they decide the interest rate. It must react”, Angjeli declared.
Another request of the commission for the bank was that the reinforcing of the supervision in some special banks, identified by the stress-test made during the past year, in cooperation with the International Monetary Fund.
“They made the stress-test and the problems were the one that disappeared. You can come to your own conclusions, but I reefrred to the International Monetary Fund report”, Angjeli declared.
The Parliament Members included in this resolution some points that attract the attention of the Bank of Albania for high spending in diets and salaries.
This is the first time that a resolution of the Bank of Albania is planned through a discussion opened by all Parliament Members, different from what has happened so far.
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