Tirana, November 3 – Parliament has assigned 13 tasks to the Bank of Albania for completion within this year to strengthen financial stability and protect consumers.

One key point in the approved resolution is stricter oversight of lending in the construction sector and projects backed by real estate.

The Bank must apply a more conservative approach when assessing collateral and borrowers’ repayment capacity to prevent risk concentration and maintain sector stability.

Lawmakers also called for caution in foreign exchange interventions, limiting them only to essential cases to preserve the self-regulating role of the exchange rate and macroeconomic balance.

The resolution foresees tighter control over exchange offices and non-bank financial institutions to curb money laundering, along with studies on climate risks in the banking system.

At the same time, Parliament requested stronger cooperation with consumer protection bodies and more action against financial disinformation.

It also tasked the Council of Ministers with setting interest rate ceilings and penalties for consumer loans, amending the Civil Code, and reviewing the law on private bailiff services.

/a.p./