European Bank for Recunstruction and Development 20%
Italian Albanian Bank was opened by in 1992 a special law.
It has a capital of 15.5 million USD fully deposited.
INTEREST RATES ON DEPOSITS (%) ANNUAL BASIS
For individuals, interests are subject to income tax up to 10%, and are calculated based on the formula below:
Liquidity x interest rate x dayst 36500
Liquidation is done on December 31, for current accounts and every date of expiry for deposits except earlier terminations. A 2% penallty applies for all terminations earlier than expiry date of deposit.
DEPOSITS
Term
1-month
3-months
6-months
1-year
LEK
4.2 %
4.8 %
5.8 %
6.3 %
USD
1.4%
1.5%
1.7%
1.9%
EUR
1.5 %
1.5 %
1.5 %
1.5%
PRODUCTS OFFERED:
Safety Boxes
Format A
Annual commission
US$ 100
Format B
Annual commission
US$ 160
Format C
Annual commission
US$ 350
Decision nr. 49 of 22.04.1999 of Supervising Council of Bank of Albania
LOAN PRODUCTS
Main areas covered by loans can be construction or productive activity, except agriculture
Maximum limit
Up to 1,000,000 USD
Payment term
Up to 5 years
Annual Interest rates USD
6%
Grace period
Up to 2 years
Own contribution
50%
Collateral up to 150%,
Immovable property, certificate of deposit, bank guarantee,
BRANCHES OF BANK
Tirana Agency
Rruga e Barikadave
Tirana, Albania Tel 233965
Fax 235701
Swift Code IALBALTR
e-mail biatia@adanet.com.al
Durres Agency
Rruga e Deshmoreve
Durres Albania
Tel 52 24528
Fax 52 27929
Swift Code IALBALTRDR
e-mail biadr@adanet.com.al
Banking System in Albania 
