Regulation 14/2009 ''On granting the license and the exercise of banking activity of banks and branches of foreign banks in the Republic of Albania'', integrated version

Type: Rules
Approved by: Supervisory Council
Number: 14 (amended)
Date: 11.03.2009
Enter into force: 08.08.2019
Published in: Official Journal
on: 24.07.2019
Category: Licensing
Department: Banking Supervision

The purpose of this Regulation is to set out the conditions, requirements, terms, documentation and procedures for: a) granting the license to the bank and the branch of a foreign bank to carry out banking and financial activity in the Republic of Albania; b) the approval of the additional activities for the bank and the branch of a foreign bank; c) the expansion of banking network after the licensing of the bank and the branch of a foreign bank; d) the obligations to notify the Bank of Albania during the exercise of the activity of a bank and the branch of foreign bank; e) the granting of the prior approvals during the exercise of the bank and branch of foreign bank activity; and f) the legal reorganisation of the bank (merger, separation).

Note: Amendments to this Regulation according to Decision 46/2019 of the Supervisory Council, shall enter into force on 08.08.2019, with the exception of article 24/1 of the Regulation, which shall enter into force on 31.12.2019.