Regulatory Alerts2001-10-03 | 79/2001Guideline 79/2001 on Certificates of Deposits
The Bank of Albania’s Supervisory Council issued this guideline to standardize the issuance, pricing, and accounting treatment of certificates of deposits (CDs) by licensed domestic and foreign banks. It establishes minimum denomination thresholds of 50,000 Lek and 1,000 USD or EUR, defines maturity periods from one to sixty months, and permits fixed, adjustable, or mixed interest rates paid either at maturity or in advance. The regulation further mandates specific chart of accounts classifications, dictates that CDs cannot be liquidated early without bank facilitation, and grants the Supervisory Council authority to set corresponding reserve requirements.
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