CBK Executive Board

Fehmi Mehmeti Governor – Chairman 
Lulzim Ismajli Deputy Governor – Member  
Sokol HavolliDeputy Governor – Member  

The Executive Board shall comprise the Governor, who shall be the Chairperson, and to Deputy Governors, and shall be charged with the implementation of the Central Bank’s policies, and its operations. Based on Governor’s proposal, Central Bank Board shall decide for the number of Deputy Governor. Currently the Central Bank has two Deputy Governors

  The Executive Board has the following powers and duties: 

1. In accordance with Article 7, Article 8, Article 34, and any other Article of this Law, the Executive Board shall have the following powers and tasks to:

  • define and adopt the policies of the Central Bank in order to initiate and to hold stable the financial system, as well as a secure, sound and efficient payment system;
  • determine and adopt policies of Central Bank to contribute in achieving and keeping the stability of local prices;
  • define and adopt other policies of Central Bank, regarding the execution of its tasks, and to adopt, as appropriate, internal rules for their implementation;
  • determine the general policies and to adopt the by-Laws and internal rules applicable to the administration and operations of the Central Bank;
  • recommend to the Central Bank Board to determine organization structure of Central Bank, including the establishment and location of operation offices and premises;
  • approve the appointment of heads of department and division;
  • exercise the powers and tasks of the Central Bank referred to in Articles 12, 15, paragraph 3, Article 19, paragraph 3, Articles 22, and 30, paragraph 3, of this Law;
  • determine categories of assets proper for investments of financial sources of Central Bank;
  •  determine categories of assets proper for investments of financial sources of Central Bank;
  • adopt or refuse the granting of licenses and permits for regulated systems, of clearing and securities settlement system and to revoke these licenses and permits;
  • adopt or refuse the granting of licenses or permits for financial institutions, as well as to revoke these licenses and permits;
  • take enforcement measures, including instructing any supervised bank or financial institution, or any regulated payment, clearing and securities settlement system, to take remedial actions; or by appointing a receiver for such entities; or by imposing administrative penalties, as provided by this Law, or by any other Law and subsequently report any such actions to the Central Bank Board;
  • establish one or more advisory bodies, determine their terms and conditions of appointment of their members, and determine the terms of reference of such bodies;
  • assess risks and draft contingency plans for the ongoing operations and security of the Central Bank;
  •  propose regulation on emergency liquidity assistance to the Central Bank Board;
  •  adopt the rules of procedure for the Executive Board; and
  • such other powers and tasks as explicitly granted by this Law or any other Law.

The Executive Board shall be part of the decision-making bodies of the Central Bank. The Governor shall serve as the chief executive officer of the Central Bank in charge of the day-to-day operations of the Central Bank. The Deputy Governors shall assist the Governor in conducting the day-to-day operations of the Central Bank.