The Albania Financial Services Authority released statistical data on the off-exchange market for government securities covering January–June 2025, showing that activity by volume was concentrated in primary-market auction order reception and transmission and in redemptions at maturity. The update also highlights that retail participation dominated secondary-market activity. Order reception and transmission in primary-market auctions accounted for 56.40% of total reported volume, while redemptions of nominal value at maturity represented 37.70%. In the secondary market, volume was split between long-term instruments (bonds) at 55.82% and short-term instruments (treasury bills) at 44.18%, while treasury bills accounted for 73.70% of secondary-market transactions by count; individual investors executed 97.64% of all secondary-market transactions. By transaction group, type B trades (sales to investors from a bank or brokerage firm’s own portfolio while executing client orders) fell to ALL 1,996.11 million from ALL 6,287.48 million (down 68.25%) and the number of such transactions declined 46.58% versus January–June 2024, while type C trades (purchases by a bank or brokerage firm from investors before maturity while executing client orders) rose to ALL 1,566.00 million from ALL 1,345.23 million (up 16.41%) with a 5.01% increase in transaction count; no type F transactions were executed. Combined types B, C and F decreased by around ALL 4,073 million in absolute value compared with the same period in 2024.

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