New law for insuring business bank deposits up to 2.5 mln

30/03/2016 00:00

The Commission of Economy passed the draft laws that allow deposits of
businesses to be insured up to 2.5 million ALL, in case the bank goes
bankrupt.

The law will enter in effect on January 1st 2017, according to the Deputy Minister of Finances, Erion Luci, and will help deposits of companies and businessmen get more involved.

There will be 120.000 persons who will benefit and the total insured sum will be 30 billion ALL.

For saving accounts, more time is needed to have them included in the insurance scheme. They have agreed to make a restructuring of this sector first.

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