Regulatory Alerts2009-03-11 | 14/2009Regulation 14/2009 on Granting Licenses and Exercising Banking Activity for Banks and Foreign Bank Branches in Albania
The Bank of Albania’s Supervisory Council issued Regulation 14/2009 to establish the licensing framework and operational requirements for domestic banks and foreign bank branches operating in Albania. The regulation mandates a minimum initial capital of Lek 1 billion and prescribes comprehensive documentation, including verified financial statements, shareholder reputation assessments, and criminal or credit certificates for both legal and natural persons. It further outlines standardized procedures for license approval, additional activity authorization, network expansion, ongoing notifications, prior approvals, and legal reorganization such as mergers or separations.
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