"Quality and transparent banking services" - Governor Sejko talks about the challenges of the sector during 2026
An expansion of the provision of quality and transparent banking services is expected over the coming year. According to the Governor of the Bank of Albania, Gent Sejko, these services should be fairly diversified and based on appropriate risk management criteria.
During his speech at the end-of-year evening of the Albanian Banking Association, Governor Sejko focused on several key directions for the coming year.
“Investments in technological innovation and digitalization, in parallel with establishing the highest standards of cyber protection, are necessary to maintain a healthy competitive position of your institutions;
The role of banks in supporting the private sector and the country's economic growth remains irreplaceable. In this regard, it is important that financing be oriented towards productive sectors with a high level of added value, supporting small and medium-sized businesses more;
In the next two years, the legal and sub-legal framework regulating financial and banking activity will be fully aligned with that of the European Union, as required by the relevant chapter of European integration. In this process, the understanding and cooperation of the banking industry is essential, so that the changes are adopted correctly and the benefits materialize as soon as possible .
Governor Sejko emphasized that, during the coming year, the financial system and banking sector will be subject to assessment by the International Monetary Fund and the World Bank, within the framework of FSAP 2026.
This assessment will serve as an international certificate for the quality of the general legal and regulatory framework, supervisory practices and risk management for financial activity, while simultaneously identifying gaps and guiding towards necessary improvements.
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