Albanian Deposit Insurance Agency

What Albanian Deposit Insurance Agency does

The Albanian Deposit Insurance Agency (Agjencia e Sigurimit të Depozitave, ASD or ADIA) is a state-owned government entity headquartered in Tirana, Albania, established in 2004 to administer the country's statutory deposit insurance scheme. It operates a 'paybox plus' model under Law 53/2014, providing deposit compensation to depositors of failed member institutions and participating in extraordinary bank resolution interventions through financial transfers from the compensation fund. Membership is compulsory for all banks and Savings and Credit Associations (SCAs) licensed by the Bank of Albania; ASD insures deposits up to 2,500,000 ALL per depositor per bank and 2,000,000 ALL per depositor per SCA, with compensation initiated within 90 working days of an insurance event.

The agency's core products are the Deposit Insurance Scheme Administration, the Deposit Compensation Service, and the Resolution Fund Administration, supplemented by ancillary services including an Open Data Service and a Transparency Program. Underlying technology is a website-based information system (asd.gov.al) with social media presence across Facebook, X, LinkedIn, YouTube, and Instagram, supporting public education and stakeholder communication. The agency does not charge depositors; it is funded entirely through mandatory contributions and insurance premiums from member banks and SCAs per Articles 34 and 35 of Law 53/2014, and it has a lean staff of 9 employees.

Strategically, ASD collaborates with the Bank of Albania as its primary supervisory counterpart, the World Bank for technical assistance, the European Forum of Deposit Insurers (EFDI) for regulatory alignment, DG FISMA for EU framework convergence, and the National Deposit Insurance Fund of Kosovo (DIFK) for regional cooperation. Its remit is national, covering all licensed financial institutions in the Republic of Albania.

Name

Albanian Deposit Insurance Agency

Legal name

Agjencia e Sigurimit të Depozitave

Website

https://asd.gov.al

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

1–10 employees

Short description

The Albanian Deposit Insurance Agency (Agjencia e Sigurimit të Depozitave) is a Tirana-headquartered state entity that administers Albania's compulsory deposit insurance scheme for all licensed banks and Savings and Credit Associations, compensates depositors up to 2.5 million ALL (banks) and 2 million ALL (SCAs), and participates in bank resolution interventions.

Ownership category

akta.pro rank

Product category

Deposit Insurance

NAICS

Other Insurance Funds (525190)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro industry

PRIMARYFSAAAOAC

Fund Depositary (UCITS/AIFMD & Trustee Oversight)

Financial & Insurance/Asset & Wealth Management/Custody, Depositary & Asset Servicing (Custody, Corporate Actions, Securities Lending)

SECONDARYFSAAAGAG

Insurance General Accounts (Institutional Asset Owners)

Financial & Insurance/Asset & Wealth Management/Asset Management — Institutional (Pensions, Endowments, Sovereign)

Keywords

• Deposit insurance
• Depositor protection
• Financial stability
• Bank resolution
• Deposit compensation

Headquarters

HQ city

Tirana

HQ country

Albania

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Others

Revenue model

1. Contributions from member institutions: The agency is funded through contributions and insurance premiums paid by member banks and Savings and Credit Associations (SCAs) in accordance with Articles 34 and 35 of Law 53/2014 on Deposit Insurance. ASD does not charge fees for its services to depositors.

Distribution channels1 record

Marketing channels8 records

Core offering

The Albanian Deposit Insurance Agency (Agjencia e Sigurimit të Depozitave - ASD) administers Albania's mandatory deposit insurance scheme, guaranteeing compensation to depositors of licensed banks and Savings and Credit Associations (SCAs) in the event of forced liquidation. Operating under a 'paybox plus' model, the agency pays insured depositors up to 2,500,000 ALL per depositor per bank and 2,000,000 ALL per depositor per SCA, and may also transfer compensation fund resources during extraordinary interventions in banks under Law 53/2014.

Product overview

The Albanian Deposit Insurance Agency (Agjencia e Sigurimit të Depozitave - ASD) operates as a government agency administering a 'paybox plus' model deposit insurance scheme. The core offering is the deposit insurance scheme that secures depositor funds in banks and savings and credit associations (SCA) across Albania. Related services include deposit compensation processing, resolution fund administration, open data publication, and a transparency program. The agency is not a technology product company but rather a regulatory body providing public financial guarantee services.

Differentiator

Problem solved

Functional benefit

Products and services

• Deposit Insurance Scheme Administration
• Deposit Compensation Service
• Resolution Fund Administration

Quantifiable outcome

• 100% of depositors in member institutions are covered up to the maximum limit
• +1 more outcomes

Named customers2 records

Segments1 record

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and regional.

• EFDI (European Forum of Deposit Insurers)coreStrategic or Co-development Partner · 11 June 2025ADIA participates in EFDI Annual Meetings and activities, collaborating with European deposit insurance schemes for best practice sharing and regulatory alignment.
• World BankcoreStrategic or Co-development Partner · 30 January 2025The World Bank works with ADIA on strengthening deposit insurance frameworks and providing technical assistance for institutional development.
• National Deposit Insurance Fund of Kosovo (DIFK)regionalStrategic or Co-development Partner · 18 October 2024ADIA maintains bilateral cooperation with Kosovo's deposit insurance fund for knowledge sharing and regional financial stability.
• Bank of AlbaniacoreStrategic or Co-development PartnerThe Bank of Albania is the supervisory and regulatory authority that places banks and SCAs in forced liquidation, triggering the deposit insurance scheme. It works closely with ASD on selection of agent banks and approval of compensation procedures.
• DG FISMA (Directorate-General for Financial Stability, Financial Services and Capital Markets Union)coreStrategic or Co-development PartnerADIA collaborates with DG FISMA on changes to the EU legal framework for deposit insurance and participates in consultations on regulatory developments.
• Albanian Association of BankscoreStrategic or Co-development PartnerADIA works with the Albanian Association of Banks to organize regional meetings and communicate with bank branch employees about deposit insurance matters.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Others

• European Forum of Deposit Insurers (EFDI): The membership body for European deposit guarantee schemes, of which ASD is an active participant. EFDI is a peer in the institutional and policy sense, setting the standards and best practices that ASD implements in its domestic framework.
• Albanian Association of Banks: The industry association representing ASD's member institutions. It functions as a key communication and coordination channel between ASD and the banks whose deposits ASD insures, making it a structurally adjacent ecosystem participant.

Broad incumbents

• Federal Deposit Insurance Corporation (FDIC): The US federal deposit insurance corporation and global benchmark for deposit guarantee schemes. While vastly larger in scale and scope, FDIC's paybox-plus resolution mandate, premium-based funding model, and statutory coverage framework closely mirror ASD's operating design.
• Deposit Insurance Corporation of Japan: Japan's statutory deposit insurance corporation operates a paybox-plus-plus model with active resolution powers across a large, concentrated banking system. As one of the most mature paybox-plus frameworks globally, it provides a long-term benchmark for ASD's potential mandate evolution.

Regional players

• Bank of Albania: Albania's central bank and banking supervisor. While not a deposit insurer, it is the regulator that triggers ASD's insurance events, sets prudential rules, and approves agent bank appointments — making it the most consequential institutional counterparty to ASD.

Direct peers

• Deposit Insurance Fund of Kosovo (DIFK): Kosovo's national deposit insurance agency, explicitly cited as ASD's bilateral cooperation partner. Operates an analogous paybox-plus deposit guarantee scheme for banks and similar microfinance institutions in a neighboring Western Balkans jurisdiction, making it the most directly comparable peer.
• Bank Guarantee Fund (Poland): Poland's mandatory deposit guarantee and bank resolution fund operates a paybox-plus model across a much larger banking system but shares ASD's dual deposit-insurance and resolution mandate under EU-aligned law.
• Deposit Insurance Fund of Bulgaria: Bulgaria's deposit insurance fund administers the EU DGSD-aligned scheme with paybox-plus resolution powers. As another small Balkan/EU-jurisdiction deposit insurer, it is highly comparable to ASD on regulatory design and scale considerations.
• Hellenic Deposit and Investment Guarantee Fund (HDIGF): Greece's statutory deposit guarantee scheme operates the EU DGSD framework at the EUR 100,000 level and manages resolution functions analogous to ASD's paybox-plus mandate, serving as a model peer for EU-aligned upgrade trajectories.
• Deposit Insurance Agency of Montenegro: Montenegro's deposit protection agency administers a paybox-plus deposit guarantee scheme over a similarly small banking sector in the Western Balkans, making it a directly comparable peer on scale, regulatory model, and EU-alignment trajectory.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@agjenciaesigurimittedepozi1034/videos
• Facebookfacebook.com/AgjenciaSigurimitDepozitave
• LinkedInlinkedin.com/company/agjencia-e-sigurimit-te-depozitave
• Instagraminstagram.com/asd.gov.al

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Albanian Deposit Insurance Agency