Deposit Insurance

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.

ADIA Secures:

Deposits with terms;

Deposits without terms;

Current account;

Savings account;

All Deposits (Time deposits, current account, deposits or other bank account, combinations of the above-mentioned banking products, insured by the Agency)

DEPOSITORS HAVE NO COSTS for insuring their deposits. Banks have a legal obligation to pay for them.

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

* the part of the deposit in the bank or branch of the foreign bank worth more than 2,500,000 (two million five hundred thousand) ALL or the equivalent amount (the counter value), in foreign currency;

deposits of the bank, bank branch, foreign bank branch and saving credit associations in its name and on its own account, as well as any other financial entity licensed by the Bank of Albania and the Financial Supervision Authority;

deposits of the director, bank administrator and their family members, according to the family status certificate;

deposits of any person who owns 5 percent or more in the capital of the member entity or of shares with voting rights in this entity;

deposits derived from activities related to money laundering and terrorist financing, which have been declared illegal by a final court decision;

Deposits of insurance and reinsurance companies, domestic or foreign;

deposits of business entities or collective investments, domestic or foreign;

Deposits of pension funds or pension insurance, domestic or foreign;

Securities issued by financial entities and any other type of obligation that these entities have based on their pledge agreements;

Deposits of central or local government units, as well as any public entity of the Republic of Albania or a foreign country;

unnamed deposits and/or the title of which is not clearly defined;

Deposits placed in the member entity of the deposit insurance scheme during and after the day of the insurance event in this entity;

Deposits of the members of the management bodies of the savings and credit company, according to the provisions in the law on savings and credit companies, except for the general assembly;

Deposits of legal entities, except for those defined in point 17, article 3, of the law “On deposit insurance”