OTP Bank Albania is added to the group of depository agents, as the fourth bank selected by the Deposit Insurance Agency, compensating the partnership compensation on September 11, 2024.
The ceremony of the signing agreement was held in the surroundings of the central offices of OTP Bank Albania.
The act of signing was performed by Mr. Bledar Shella, General Director of OTP Bank Albania and Mr. Genci Mamani, General Director of the Deposit Insurance Agency, in the presence of Mrs. Liljana Shkodra, Director of the Retail Division and Member of the Management Board at OTP Bank Albania, as well as Mr. Attila Kovacs, Director of the Division of Finance and Member of the Management Board.
Mr. Shella appreciated the selection of the Bank in this process, and emphasized that the signing of this partnership will strengthen the interaction and cooperation between the two institutions.
The selection of OTP Bank Albania as an agent bank consists in the role of the agent for the compensation of stable deposits in the country, which comes as a value that comes in the economic-financial context in Albania, strengthening the economy in Albania, beyond the role and position of the Bank.
The contract signed between the two parties, valid for three years, aims to soften the repayment process of insured deposits and reduce the concentration of risk in the Albanian banking market.
In the context of the financial market, OTP Bank Albania already dominates the territory of Albania, while it is ranked the third in the Albanian banking market for lending in the individual and business segments.
OTP Bank Albania is part of the OTP Group based in Hungary, one of the leading banking groups, with the fastest growth among the groups in the Central and Eastern European region, with excellent positioning in terms of profitability, capital stability and liquidity.