Law No. 39/2016, of 14.04.2016 “On some amendment and additions to the Law no. 53/2014, of 22.05.2014 “On deposit insurance””, has been published in the Official Gazette No. 77, May 9, 2016. Following its publication, the law enters into force on 24 May 2016.
The Law aims to contribute in strengthening of the financial stability in Albania, through increasing the base of depositors protected by the scheme, and their confidence in the deposit insurance scheme. Including deposits of traders and companies in insurable deposits, as well as savings and credits associations in the deposit insurance scheme becomes effective on January 1, 2017.