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.

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 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”
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