Mamani reported today in front of the Parliamentary Economy and Finance Committee on some of the main indicators of the system of bank deposits and savings-credit societies.

“At the end of 2022, the total deposits in the banking system was ALL 1,518 billion, while the Agency’s liability for compensation at the end of this year was ALL 826.7 billion, for 1,826,108 depositors. At the end of 2022, the value of insurable deposits that benefit from the deposit insurance scheme reached ALL 1,425.2 billion, representing 94% of the total deposits. If compared to last year, these deposits increased by 5.9%, while the increase in absolute value is ALL 67.8 billion,” said Mamani.

According to him, the largest share of the total insurable deposits for the end of December 2022 is occupied by those in Euros, which, expressed in the equivalent value in Lek, account for 48.2% of this total, followed by deposits in Lek with a weight of 45.7% and deposits in USD, which according to their equivalent in Lek, amount to 4.2%.

“The insurable deposits of individuals in the banking system for the end of 2022 reached 1,161.5 billion ALL, and constitute the largest part of the total insurable deposits, specifically 82% of them, while 18% are insurable deposits of traders and commercial companies. The insured deposits in the banking system reached the value of ALL 826.7 billion at the end of 2022, representing 54% of the total deposits in the banking system. The annual growth of insured deposits was 4.35%”, said Mamani

Mamani also said that the total deposits in savings and credit companies for the end of 2022 was 10.3 billion ALL, from 9.6 billion ALL at the end of December 2021.

According to the report, the Agency’s liability for the compensation of insured deposits in savings and credit companies is about ALL 7.4 billion, or 21,154 depositors. This amount constitutes 72% of total deposits, or 73% of insurable deposits./r.e/p.s./

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/