The Albanian Deposit Insurance Agency has signed the contract with the selected agent banks in its preliminary list for the 2021-2023 period.

Publikuar më: 29-01-2021


The Albanian Deposit Insurance Agency has signed the contract with the selected winning agent banks in the procedure developed for this purpose, based on the regulation “On the compensation of insured deposits”, approved by the Governor’s order no. 3762, on 18/07/2016. Based on this procedure, with the decision of the Governing Council of the Albanian Deposit Insurance Agency no. 39, dated 15.12.2020, the selected winners were Banka Kombëtare Tregtare sh.a., Credins Bank sh.a. and Intesa Sanpaolo Bank Albania sh.a., which will perform this function throughout the 2021-2023 period.

The agent bank is one of the essential elements for the successful completion of a compensation process, in the case a member of the deposit insurance scheme is placed under liquidation, upon decision of the Bank of Albania. The agent bank guarantees the payment of compensation on behalf of the Deposit Insurance Agency.

The selection process of the agent Bank goes through two stages. The first phase is the evaluation of the member banks of the scheme, according to the general and technical criteria approved in the regulation “On deposit compensation”. This phase was closed with the selection and signing of the contract with the aforementioned three banks. Once on the preliminary list, agent banks become part of the relevant simulation exercises as well as special trainings to successfully carry out a payment process for depositors’ compensation.

On the other hand, the second phase includes the evaluation of economic bids by the selected banks in the preliminary list for carrying out the compensation process, in the case of a member entity being placed under liquidation by the Bank of Albania.