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Money Market

Money Market & Deposit Interest Rates

Money market is a segment of the financial market in which financial instruments with high liquidity and very short maturities are traded. The money market is used by participants as a means for borrowing and lending in the short term, from several days to just under a year.
Tirana bank Treasury, Money market desk manages the liquidity of the bank through money market transactions respecting all the internal and external required ratios by the regulators.
The main money market indexes as EURIBOR, LIBOR and TRIBOR are produced by the money market rates quoted daily by a certain panel of banks.

EURIBOR

EURIBOR (Euro Interbank Offer Rate) are the rates offered to prime banks on euro interbank term deposits. The EURIBOR is based on average interest rates established by a panel of around 50 European banks (panel banks) that lend and borrow from each other.

LIBOR

LIBOR (or ICE LIBOR) (London Interbank Offer rate )is the world’s most widely-used benchmark for short-term interest rates. It serves as the primary indicator for the average rate at which banks that contribute to the determination of LIBOR may obtain short-term loans in the London interbank market. Currently there are 11 to 18 contributor banks for five major currencies (US$, EUR, GBP, JPY, CHF), giving rates for seven different maturities.

 

TRIBOR

TRIBID and TRIBOR are fixed rates in local currency calculated by the Central bank of Albania based on the quotations of the panel banks to purchase and to sell deposits in the interbank Albanian money market.

TRIBID and TRIBOR are calculated based on the quotation of the 2-8 contributor banks determined by Central Bank of Albania

 
 
 
 
 
 
 
News
Notice from Tirana Bank
01.07.2020
Dear customer, Hereby inform you that Tirana Bank has updated its document “Terms & Conditions – Business” under item Outgoing Transfer locally in ALL, due to latest updates of BOA on two regulations, respectively AECH and AIPS, and BOA’s instructions. You are kindly i...
TIRANA BANK IS OPENED AT SATURDAY
05.06.2020
We are here to help you carry out all your banking operations and manage your time better! Autostrada Branch and Garda Branch operate from 09:00 to 13:00 every Saturday! Tirana Bank, Here for you!...
Mr. Dritan Mustafa, article for Bankieri magazine
05.02.2020
Mr. Mustafa, in an interview with “Bankieri” magazine on the topic of “Banks in Albania in 2019 and the horizont for 2020”, has identified 2019 as the year in which the Albanian banking sector, remains the most developed, and well regulated sector in the domestic market, with...
Information!
Kindly be informed that as of 16/12/2019, operations of Durres Main Branch will be transferred to the premises of Durres Plazh Branch. For any inquiries thereafter, please refer to :   Branch : "Durres Plazh" Adress: Pavaresia Street, no.13, Plazh.   Thank You!  ...
Mrs. Brisilda Bala article in "Bankieri" magazine
Policies that encourage out-of-court settlements, in a timely and reliable manner, have become the preferred forms that minimize associated costs, related with the processes of handling and recovering financially distressed clients....
Mr. Dritan Mustafa article in "Bankieri" magazine
Tirana Bank will explore and utilize the development opportunities of local market, with a dynamic but prudential approach, in terms of expanding credit portfolio for the domestic economy, with a balanced reference to individuals and business segment....
 
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