What is insured

“Insurable deposit” is entire deposits aggregated value of a depositor, including their calculated interest as per the assessment or bankruptcy declaration day of scheme member subject, unless in case of exemptions defined as per the Law “On deposit insurance” (mention below).

In the bank and its branches insured deposit, is part of a depositor insurable deposit, but in any case, not exceeding the amount of ALL 2,500,000, despite of number of deposits or used currency in this bank.

In Saving/Crediting Association (SCA) insured deposit, is part of a depositor insurable deposit, but in any case, not exceeding the amount of ALL 2,000,000, despite of number of deposits or used currency in this SCA.

Deposits exempted of insurance and compensation from Deposits Insurance Agency (DIA) are as below:

a) Part of bank or foreign bank branch deposit of an amount above of ALL 2,500,000 or corresponding value in a foreign currenc
b) Part of SCA deposit exceeding the amount of ALL 2,000,000 or corresponding value in a foreign currency
c) Bank, branch of bank, foreign branch bank and SCA deposits on their own behalf and account~
d) Deposit of director, bank administrator and their close relatives, according the definitions on banks law
e) Deposits of any person bearing 5% or more in the member subject equity or common shares (having the right of voting) in this subject
f) Deposits coming out of illegal activities related to money laundering and terrorist acts financing, declared as illegal by a court final verdict
g) Deposits of local or foreign traders
h) Deposits of local or foreign juridical persons
i) Deposits of local or foreign insurance and re-insurance companies
j) Deposits of local of foreign entrepreneurial or congregated investments subjects
k) Deposits of local or foreign pension or pension insurance funds
l) Financial instruments issued by financial subjects and any other obligation these subjects bear on their promise agreements
m) Deposits of central or local governments entities of Republic of Albania or an other foreign country
n) Untitled deposits or non – clearly defined titled deposits
o) Deposits placed under subject member of deposit insurance scheme on the day of the said subject insurance event or afterward

Deposits of CSA management members, as per definitions of CSA law, beside the general board