Mrs. Vasilika Vjero

Mrs. Vasilika Vjero was born in Tirana in 1976.
Mrs.Vjero graduated from the University of Tirana, Faculty of Economics, Department of Business Administration in 1998. In 2003 she completed a master’s degree from the University of Nebraska, Lincoln USA, and University of Tirana, Faculty of Economy. She has also been trained in economic growth by Harvard Kennedy School.
Ms. Vjero has held senior management positions, such as General Director of Taxes, General Director of the National Business Center, General Director of the Albanian Road Authority. In her career she counts more than 10 years of work experience for the Municipality of Tirana in the management of the Tax Administration and the Department of Strategic Planning and local budgets, as well as a series of experiences as a financial expert with foreign donors. She has also served as an expert independent fiscal and budget for local government in Albania for a total of 24 municipalities and communes throughout the country.
Ms. Vjero speaks english and italian.

Mr. Genc Mamani

Genci Mamani is the General Director of the Albanian Deposit Insurance Agency and at the same time a member of its Steering Council.
Mr. Mamani, graduated in 1991 at the University of Tirana, Faculty of Economics, Department of Finance.
In 2001 he completed postgraduate studies at the University of Wisconsin – La Cross, USA, in finance – banking and in 2012 he postgraduate at master’s level in Business Administration at the International Hellenic University, in Thessaloniki, Greece.
Mr. Mamani started his career in 1991 as an economist at the Central Bank of Albania. He pursued his career by holding managerial positions on different commercial banks such as FEFAD Bank (actually Pro Credit Bank), the Italian-Albanian Bank and further on to be back at the Bank of Albania until late 2015. In July 2015 he took over as General Director of the Deposit Insurance Agency.
Mr. Mamani is fluent in English and Italian.

Mr. Donald Duraj

Mr. Donald Duraj was appointed Chairman of the Board of Directors of the Deposit Insurance Agency in 2015. He has a progressive career of more than 15 years in the banking system, an integral part of which have been quite active and successful achievements within various prestigious local financial institutions and those in the international network such as Austria, Poland, Slovakia, Ukraine and Belarus. Since 2015, Mr. Duraj holds the position of Chief of Staff of the Governor of the Bank of Albania with the responsibility of advising, assisting, monitoring and coordinating all issues related to the progress and proper functioning of the Governor’s Office and other departments of the Bank of Albania. From 2010 to 2015 Mr. Duraj was Head of Commercial Organization and Market Development Sector at Societe Generale Bank in Albania playing a key role in the strategic direction, short-term and long-term planning, setting key objectives, coordinating inter-divisional and inter-institutional relations, locally and internationally, with public and private companies, et cetera. During this period Mr. Duraj has successfully led at least 15 projects, among the most important ones for the Bank, and with a direct impact on the expansion of activity in the local market and with an increase in profitability. Mr. Duraj worked from 2005 to 2010 at Raiffeisen Bank Albania and Raiffeisen International Austria covering key operational and strategic positions. The most important of them were Head of Individuals Segment, Head of Consumer Credit Products, Project Manager in the “Retail Leadership” Program at Raiffeisen International Austria, etc. Mr. Duraj has graduated at the Faculty of Economics, Department of Finance, Banking Profile, at the University of Tirana.

06/11/2021

EBRD €100 million stand-by credit line to Albanian Deposit Insurance Agency. Strengthening financial sector following Covid-19 pandemic

  • EBRD providing €100 million stand-by credit line to Albanian Deposit Insurance Agency
  • Promoting financial stability and confidence in banking sector
  • Technical cooperation to strengthen operational capacity and governance

Banka Europiane për Rindërtim dhe Zhvillim (BERZH) do të ofrojë një linjë kredie prej 100 milionë Euro për Agjencinë Shqiptare të Sigurimit të Depozitave që do të ndikojë në rritjen e stabilitetit të sektorit bankar në vend dhe sigurisë së klientëve.

The credit line, fully guaranteed by the government of Albania, will provide back-up liquidity following the severe impact of the Covid-19 pandemic on the economy. The funds will be available to compensate insured depositors, reassuring commercial and private bank clients.

EBRD President Odile Renaud-Basso said: “We are very pleased to sign this agreement today, as it is a vital contribution to the stability of Albania’s financial sector and demonstrates the EBRD’s commitment to the country. We are determined to support Albania in its eventual recovery from the economic impact of the pandemic and would like to see the country return to robust and sustainable growth as soon as possible. For this, a sound, stable and secure banking sector is vital and we are fully committed to contributing to this.”

Anila Denaj, Minister of Finance and Economy, said: “The signing of this agreement marks the successful completion of a long process of cooperation between the Albanian government, ADIA and the EBRD. The €100 million stand-by credit line to ADIA is a demonstration of trust and support from the EBRD to the Albanian economy and financial sector institutions.”

Genci Mamani, General Director of ADIA, said: “The agreement we signed today with the EBRD is in line with our legal objectives to protect the interests of depositors and to contribute to the stability of the banking and financial system. This credit line is considered an additional mechanism which adds to our security elements, as it will strengthen the financial capacity of the deposit insurance scheme by guaranteeing the necessary liquidity in case of insurance events within a very short time. It will also increase the level of depositors’ protection, both at the level of insured deposits and at the level of financial institutions.”

In addition, a €270,000 technical cooperation programme funded by the Luxembourg Official Development Assistance Technical Co-operation Fund will strengthen ADIA’s operational capacity and governance. The project includes the introduction of an automated payout process, the modernisation of the internal reporting system and laying the foundations for the introduction of a risk-based premium approach.

ADIA was founded in 2002 as an independent public institution. Its mission is to protect individual depositors and to pay out insured deposits in case of bank failure, with an overarching objective of strengthening the stability of the banking and financial system in Albania. The EBRD supported the institution with funding and technical assistance for the first time in 2013.

The EBRD is a leading institutional investor in Albania. To date, the Bank has invested more than €1.5 billion in 112 projects in the country.

ADIA_EBRD_signing-ceremony

ADIA_EBRD_signing-ceremony
ADIA_EBRD_signing-ceremony
ADIA_EBRD_signing-ceremony

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