Resolution Fund
The regime of bank resolution entered into force in 2017 according to Law no. 133/2016 “On recovery and bank resolution, in the Republic of Albania”. Bank of Albania is the Resolution Authority for banks and branches of foreign banks operating in Albania.
Law no. 133/2016 designates the Deposit Insurance Agency as administrator of the Resolution Fund. The fund is administered in accordance with the investment policy approved by Bank of Albania. Deposit Insurance Agency maintains separate accounts and financial records for the Resolution Fund. The fund’s annual financial statements are certified by independent auditors.
The Agency publishes on its website the reports of the annual investment activity as well as the audited financial statements of the Resolution Fund.
In accordance with the Law and by-laws applicable, ADIA can participate in the resolution of the bank, by using the Resolution Fund or by transferring financial means from the Banks Deposit Insurance Fund.