Tuesday, October 28, 2008

ALBANIA, RISK TO COME BACK TO THE PYRAMIDAL CATASTROPHE OF 1997

Albania limits banks investment in overseas parent banks

Reuters. Albania cuts to 10 percent banks' exposure to parent banks. Albanian move refers to investments, placements, deposits.
By Benet Koleka
TIRANA, Oct 24 (Reuters) - Albania's central bank said on Monday it had cut the amount of investment foreign-owned banks operating in the country are allowed to have with their parent institutions, in an attempt to spread risks.
The new rules mean that foreign-owned banks can only invest or deposit 10 percent of their capital with their overseas owner, down from the previous level of 25 percent.

MORE SEE: http://www.guardian.co.uk/business/feedarticle/7935348

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