BoA to publish quoted interests TRIBID and TRIBOR on webpage

TIRANA, Feb. 7 – the supervising Council of Boa approved a new regulation that requires Boa to publish its quoted fixed interest rates online. TRIBOR and TRIBID are the names of the rates that the bank uses for statistical, accounting and assessment purposes. They will be available everyday on the webpage and in the REUTERS page under the TRIBOR code. TRIBID and TRIBOR refer to average quoted interest rates from commercial banks about the norms of their deposits. They are calculated according to different time frames that correspond to the conventional time frames used in the banking system ranging from daily activities to one-month, three-month, six-month and yearly. BoA webpage is www.bankofalbania.org