The Albania Financial Services Authority published 2024 statistics on the off-exchange market for government securities, showing that total market volumes were dominated by receiving and transmitting orders in the primary market (auctions) and by redemption of nominal value at maturity. In the off-exchange secondary market, 64.17% of volume was in long-term instruments (bonds) and 35.83% in short-term instruments (treasury bills), while 81.98% of secondary-market transactions by count were in treasury bills. Individual investors accounted for 97.48% of all secondary-market transactions. By transaction type, “own-account trading when executing client orders” involving sales from banks’ or brokers’ portfolios (type B) rose to ALL 10,019.67 million, up ALL 5,286 million (111.65%) year on year, despite a 10.20% fall in the number of such transactions; the corresponding purchase-before-maturity flow (type C) fell to ALL 2,611.06 million, down ALL 554 million (17.50%), with transaction counts down 14.13%. Client-order execution not involving the firm’s own portfolio (type F) totalled ALL 305.89 million in nominal value, and types B, C and F combined increased by around ALL 5,038 million versus 2023.

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