Regulation 51/2019 “On out-of-court treatment of distressed borrowers by banks”, integrated version.

Type: Rules
Approved by: Supervisory Council
Number: 51 (amended)
Date: 03.07.2019
Enter into force: 28.05.2020
Published in: Official Journal
on: 04.06.2020
Category: Supervision
Department: Banking Supervision

The scope of this Regulation shall be the specification of the method of cooperation among banks for the purpose of establishing the conditions for out-of-court treatment of their joint distressed borrowers.

Note:  This regulation extends the effects until 01.01.2022, according to the circulating decision no. 34, dated 28.5.2020 of the Supervisory Council of the Bank of Albania.