TIRANA, April 29 /ATA/- During 2020, deposits marked an increase in the banking system and savings and loan associations, respectively by 7.8% and almost 6%.
The head of the Deposit Insurance Agency, Genc Mamani presented to the Committee on Economy and Finance the report on 2020.
“The annual growth of the deposit insurance fund in banks is 10.9%, while the deposit insurance fund in savings and loan associations during this year increased by 16.1%. This increase is supported by the positive financial result of the Agency estimated at 4.7 billion ALL,” Mamani said.
Since 2017, the Deposit Insurance Agency manages the Extraordinary Intervention Fund in banks, which during 2020 marked an increase of 53%.
Total deposits in the banking system at the end of December 2020 reached ALL 1,286.4 billion, of which the Agency has legal liability for compensation in the amount of ALL 741.6 billion, or 1,710,112 depositors.//a.i/
