Cooperation Agreement between AAB and ASD


On December 17, 2018 was signed a Cooperation Agreement between the Albanian Association of Banks (AAB) and the Deposit Insurance Agency (ASD). The agreement sets out the areas of cooperation between the parties, as well as the ways of interoperability between them, such as: coordination of joint initiatives and creation of favorable conditions for the development of the deposit insurance scheme; unification of ways of implementing legal and sub-legal acts for deposit insurance from the member banks of the scheme; protecting depositors’ rights and increasing public confidence in the banking sector.

The agreement, also aims to exchange professional experiences in relevant areas of common interest, regular exchange of information, establishment of joint working groups for dealing with various issues, etc.

In the framework of joint activities, the parties will organize seminars and conferences of scientific and practical nature, open lectures with pupils and students, as well as financial education campaigns for public awareness regarding the deposit insurance scheme in the country.

The agreement was signed by Mr. Silvio Pedrazzi, AAB Chairman and the General Director of Intesa Sanpaolo Bank Albania, and Mr. Genci Mamani, General Director of ASD.