Publication:
Microfinance Institutions and Credit Unions in Albania : Regulatory, Supervisory and Market Development Issues

dc.contributor.authorWorld Bank
dc.date.accessioned2013-03-25T16:47:03Z
dc.date.available2013-03-25T16:47:03Z
dc.date.issued2008-06-17
dc.description.abstractThe objective of this report is to present an assessment of the current legal, regulatory, and supervisory framework in Albania for microfinance, as well as an assessment of institutions rendering microfinance services (MFIs), including the Savings and Credit Associations (SCAs) and credit unions (CUs), to identify future development priorities. Economic conditions have improved in Albania in recent years, but a significant percentage of the population is still considered below the poverty level. The report lists future development priorities for the SCAs and MFIs, emphasizing poverty reduction through microfinancing. Several MFIs, and one CU, expressed some desire to borrow from the World Bank. The report finds this promising, as long as it does not crowd out commercial sources that serve to integrate MFIs, CUs, and SCAs into the larger financial sector. The growth of SCAs might be enhanced by further consolidation of smaller SCAs into larger SCAs. Mergers based on joint objectives and bounds can expand the geographical coverage and clientele base, facilitate the increase of cash flows and access to capital, and achieve economies of scale in view of reducing fixed costs. Albania also wishes to obtain a banking license and focus exclusively on the microfinance market. A tax exemption enables CUs and SCAs to build up capital through retained earnings. Eliminating their tax exemption would either reduce their capital, or require that CUs replace the taxed earnings with other means of capitalization to maintain the same capital reserves. The report recommends that the Bank of Albania (BoA) should continue to work with the CUs on consolidating and strengthening the SCAs.en
dc.identifierhttp://documents.worldbank.org/curated/en/2008/06/16371691/albania-microfinance-institutions-credit-unions-albania-regulatory-supervisory-market-development-issues
dc.identifier.doi10.1596/12899
dc.identifier.urihttps://hdl.handle.net/10986/12899
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectABUSIVE LENDING
dc.subjectACCESS TO CAPITAL
dc.subjectACCESS TO FINANCIAL SERVICES
dc.subjectACCESS TO FUNDS
dc.subjectACCESS TO MARKETS
dc.subjectACCOUNTING
dc.subjectACCOUNTING STANDARDS
dc.subjectAGRICULTURAL COOPERATIVES
dc.subjectBANK INTEREST RATES
dc.subjectBANK LENDERS
dc.subjectBANK LOAN
dc.subjectBANK LOANS
dc.subjectBANKING LAW
dc.subjectBANKRUPTCY
dc.subjectBOND
dc.subjectBORROWER
dc.subjectBORROWING
dc.subjectBORROWINGS
dc.subjectCAPITAL ADEQUACY
dc.subjectCAPITAL BASE
dc.subjectCAPITAL GROWTH
dc.subjectCAPITAL REQUIREMENT
dc.subjectCAPITAL REQUIREMENTS
dc.subjectCASH FLOWS
dc.subjectCASH TRANSFER
dc.subjectCOLLATERAL
dc.subjectCOMMERCIAL BANK
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMERCIAL LOANS
dc.subjectCONFLICTS OF INTEREST
dc.subjectCONSUMER PROTECTION
dc.subjectCREDIT ASSOCIATION
dc.subjectCREDIT ASSOCIATIONS
dc.subjectCREDIT BANK
dc.subjectCREDIT BUREAU
dc.subjectCREDIT BUREAUS
dc.subjectCREDIT HISTORIES
dc.subjectCREDIT INFORMATION
dc.subjectCREDIT INSTITUTIONS
dc.subjectCREDIT LINE
dc.subjectCREDIT LINES
dc.subjectCREDIT OFFICER
dc.subjectCREDIT PROGRAM
dc.subjectCREDIT RISK
dc.subjectCREDIT UNION
dc.subjectCREDIT UNIONS
dc.subjectCREDITORS
dc.subjectCREDITS
dc.subjectCURRENT ACCOUNT
dc.subjectCURRENT ACCOUNTS
dc.subjectCUSTOMER SATISFACTION
dc.subjectDEBT
dc.subjectDEBT COLLECTION
dc.subjectDEBT INSTRUMENTS
dc.subjectDEFAULTERS
dc.subjectDEPOSIT
dc.subjectDEPOSIT INSURANCE
dc.subjectDEPOSIT MOBILIZATION
dc.subjectDEPOSIT SERVICES
dc.subjectDEPOSITOR
dc.subjectDEPOSITORS
dc.subjectDEPOSITS
dc.subjectDEVALUATION
dc.subjectDIVERSIFICATION
dc.subjectDOMESTIC BANK
dc.subjectDONOR SUPPORT
dc.subjectEARNINGS
dc.subjectECONOMIC CRISES
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIES OF SCALE
dc.subjectEQUAL RIGHTS
dc.subjectEXCHANGE RATE
dc.subjectEXTREME POVERTY
dc.subjectFAMILY FARMS
dc.subjectFARMERS
dc.subjectFINANCIAL ASSISTANCE
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL EDUCATION
dc.subjectFINANCIAL INSTITUTION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INSTRUMENTS
dc.subjectFINANCIAL INTERMEDIARIES
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL PRODUCTS
dc.subjectFINANCIAL RISK
dc.subjectFINANCIAL SECTOR ASSESSMENT
dc.subjectFINANCIAL SECTOR REGULATION
dc.subjectFINANCIAL STATEMENTS
dc.subjectFINANCIAL SUPPORT
dc.subjectFINANCIAL SUSTAINABILITY
dc.subjectFINANCIAL SYSTEM
dc.subjectFISCAL AUTONOMY
dc.subjectFIXED ASSETS
dc.subjectFIXED COSTS
dc.subjectFORECLOSURES
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN CURRENCY LOAN
dc.subjectFOREIGN CURRENCY LOANS
dc.subjectFOREIGN DEBT
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE RISK
dc.subjectFOREIGN EXCHANGE RISKS
dc.subjectFRAUD
dc.subjectFREE LOAN
dc.subjectFUNDING SOURCE
dc.subjectFUNDING SOURCES
dc.subjectFUTURES
dc.subjectGOVERNMENT SECURITIES
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROUP GUARANTEES
dc.subjectHEDGES
dc.subjectHOLDING
dc.subjectHOUSEHOLDS
dc.subjectINCOME TAX
dc.subjectINDEBTEDNESS
dc.subjectINDIVIDUAL LOANS
dc.subjectINFORMATION REQUIREMENTS
dc.subjectINFORMATION SYSTEM
dc.subjectINFORMATION SYSTEMS
dc.subjectINFORMATION TECHNOLOGY
dc.subjectINSTITUTIONAL REFORMS
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINTERNAL AUDIT
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINVESTMENT BANK
dc.subjectISSUANCE
dc.subjectLENDER
dc.subjectLENDING LIMITS
dc.subjectLENDING REGULATIONS
dc.subjectLIQUIDATION
dc.subjectLIQUIDATION OF COLLATERAL
dc.subjectLIQUIDITY
dc.subjectLOAN
dc.subjectLOAN CONTRACT
dc.subjectLOAN CONTRACTS
dc.subjectLOAN DOCUMENTATION
dc.subjectLOAN PORTFOLIO
dc.subjectLOAN PORTFOLIOS
dc.subjectLOAN REPAYMENT
dc.subjectLOAN REPAYMENT RATES
dc.subjectLOAN REPAYMENTS
dc.subjectLOAN SIZE
dc.subjectLOAN SIZES
dc.subjectLOCAL BANK
dc.subjectLOCAL CURRENCY
dc.subjectLOW INTEREST RATE
dc.subjectLOW INTEREST RATES
dc.subjectMACROECONOMIC STABILITY
dc.subjectMARKET DEVELOPMENT
dc.subjectMARKET DISCIPLINES
dc.subjectMARKET ECONOMY
dc.subjectMARKET PARTICIPANTS
dc.subjectMARKET PLAYERS
dc.subjectMATURITY
dc.subjectMFI
dc.subjectMFIS
dc.subjectMICRO FINANCE
dc.subjectMICRO LENDING
dc.subjectMICRO-ENTERPRISES
dc.subjectMICROCREDIT
dc.subjectMICROFINANCE
dc.subjectMICROFINANCE INSTITUTION
dc.subjectMICROFINANCE INSTITUTIONS
dc.subjectMICROFINANCE LOAN
dc.subjectMICROFINANCE SECTOR
dc.subjectMINIMUM CAPITAL REQUIREMENT
dc.subjectMINIMUM CAPITAL REQUIREMENTS
dc.subjectMONETARY FUND
dc.subjectMONEY LAUNDERING
dc.subjectMONEY ORDERS
dc.subjectMONEY TRANSFERS
dc.subjectMORTGAGE
dc.subjectMOVABLE PROPERTY
dc.subjectMOVABLE PROPERTY REGISTRIES
dc.subjectOUTREACH
dc.subjectPAYMENT SYSTEM
dc.subjectPRIVATE CREDITS
dc.subjectPROFESSIONAL DEVELOPMENT
dc.subjectPROFIT MARGIN
dc.subjectPRUDENTIAL REGULATION
dc.subjectPRUDENTIAL REGULATIONS
dc.subjectPRUDENTIAL SUPERVISION
dc.subjectRATES OF INTEREST
dc.subjectREGULATORY FRAMEWORK
dc.subjectREMITTANCES
dc.subjectREPAYMENT SCHEDULE
dc.subjectREPAYMENT SCHEDULES
dc.subjectRESERVE
dc.subjectRESERVE FUND
dc.subjectRISK MANAGEMENT
dc.subjectRISK MANAGEMENT SYSTEMS
dc.subjectRURAL CLIENTS
dc.subjectRURAL CREDIT
dc.subjectRURAL MARKET
dc.subjectSAVINGS
dc.subjectSAVINGS SCHEMES
dc.subjectSAVINGS SERVICES
dc.subjectSECURITIES
dc.subjectSELF-EMPLOYMENT
dc.subjectSHAREHOLDERS
dc.subjectSMALL BUSINESS
dc.subjectSMALL FARMERS
dc.subjectSMALL LOANS
dc.subjectSUPERVISORY AUTHORITIES
dc.subjectSWAPS
dc.subjectTAX EXEMPT
dc.subjectTAX EXEMPTION
dc.subjectTAX INCENTIVES
dc.subjectTAX-EXEMPT
dc.subjectTAX-EXEMPT STATUS
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTRANSFER RISKS
dc.subjectUMBRELLA ORGANIZATION
dc.subjectUNEMPLOYMENT
dc.subjectURBAN AREAS
dc.subjectVALUE OF COLLATERAL
dc.subjectVILLAGE
dc.subjectVILLAGES
dc.subjectWAREHOUSE
dc.subjectWAREHOUSE RECEIPT
dc.subjectWAREHOUSE RECEIPT FINANCING
dc.titleMicrofinance Institutions and Credit Unions in Albania : Regulatory, Supervisory and Market Development Issuesen
dspace.entity.typePublication
okr.date.disclosure2012-06-12
okr.date.doiregistration2025-05-07T08:42:14.103772Z
okr.doctypeEconomic & Sector Work::Other Financial Sector Study
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2008/06/16371691/albania-microfinance-institutions-credit-unions-albania-regulatory-supervisory-market-development-issues
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid779981468101063581
okr.identifier.externaldocumentum000426104_20120613165801
okr.identifier.internaldocumentum16371691
okr.identifier.report69677
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/06/13/000426104_20120613165801/Rendered/PDF/696770ESW0P1010glossy0cover0Nov009.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryALBANIA
okr.sectorFinance :: Non-compulsory pensions, insurance and contractual savings
okr.sectorFinance :: Banking
okr.sectorFinance :: General finance sector
okr.themeInternational financial standards and systems
okr.themeFinancial and private sector development
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicBanks and Banking Reform
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.unitPrivate/Financial Sectors Devt (ECSPF)
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