Bank Resolution Fund Reaches 8.2 Billion Lek

The Emergency Intervention Fund has reached 8.2 billion lek (around 85 million euros) after annual contributions from commercial banks for 2026.

The Bank of Albania said the fund was created in 2018. It aims to support the resolution of banks that face financial difficulties in the future. At the same time, it avoids the use of taxpayer money.

The fund operates under the law on bank recovery and resolution in Albania. It targets a level of 0.5% of total banking system liabilities. These liabilities are calculated as the difference between total assets and regulatory capital of all licensed banks.

The target must be reached within 10 years from the law’s entry into force.

Based on current projections, the fund is expected to reach about 9.4 billion lek by 2027.

The Emergency Intervention Fund is managed by the Albanian Deposit Insurance Agency. It follows financial management policies approved by the central bank.

/a.c/

The post Bank Resolution Fund Reaches 8.2 Billion Lek appeared first on RTSH English.

Original post Here

News
Peja Murder: PM Kurti Gives Two Responsible Ministries 54 Hours to Submit Full Report on the Case

Kosovo Prime Minister Albin Kurti announced on Tuesday that he had requested answers from the responsible institutions regarding the murder of Arlinda Zekaj in Peja. Kurti emphasized that he had given the Ministry of Internal Affairs and the Ministry of Justice 54 hours to complete a report aimed at identifying …

News
Changes to the 2027 Fiscal Package, Rama Reacts: Government to Have Its Say Tomorrow

Prime Minister Edi Rama has reacted to discussions surrounding the proposed changes to the 2027 fiscal package. In a post on the social media platform X, Rama responded to criticism and debate over the new fiscal measures, indicating that the government’s position would become clear during the approval of the …

News
Kombinat–Ndroq–Plepa Road, Karakaçi: First Section Completed up to Peza, Work on Next 9 Kilometers to Begin Soon

Minister of Infrastructure and Energy Enea Karakaçi inspected the progress of construction works on the Kombinat–Ndroq–Plepa road project on Tuesday. Karakaçi announced that construction work on Lot 1 has been completed. He added that work on the next 9 kilometers of the road will begin very soon. According to him, …