- PRESS RELEASE
- 17 July 2020
ECB and Bank of Albania set up repo line to provide euro liquidity
- ECB and Bank of Albania set up repo line
- Repo line to remain in place until June 2021, unless an extension is decided
- Size of repo line set at €400 million
The European Central Bank (ECB) and Banka e Shqipërisë (Bank of Albania) have agreed to set up a repo line arrangement to provide euro liquidity to Albanian financial institutions to address possible euro liquidity needs in the presence of market dysfunctions due to the COVID-19 shock.
Under a repo line, the ECB provides euro liquidity to a non-euro area central bank in exchange for adequate euro-denominated collateral.
Under the repo line, the Bank of Albania will be able to borrow up to €400 million from the ECB. The maximum maturity of each drawing will be three months. The repo line will remain in place until the end of June 2021, unless an extension is decided.
For media queries, please contact Eva Taylor, tel.: +49 69 1344 7162.
Notes
Further information is available at https://www.bankofalbania.org/home/Evropska centralna banka
Generalni direktorat Stiki z javnostjo
- Sonnemannstrasse 20
- 60314 Frankfurt na Majni, Nemčija
- +49 69 1344 7455
- media@ecb.europa.eu
Razmnoževanje je dovoljeno pod pogojem, da je naveden vir.
Kontakti za medije