Central Depository Services

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In Albania, there are individual banks acting as custodians for securities of different type, but there is not a central depository. This institutional lack prevents the development of the securities market and of the treasury bills market in particular (as the most advanced securities market).

The Central Depository Services Project aims at producing a feasibility study containing a thorough analysis of the alternatives that would guarantee the existence of the services offered by the Central Security Depository by comparing the “make” versus “buy” options of the such.

Current Status


Terms of Reference


Albanian Financial Supervisory Authority (AFSA)   

 Project Owner   

Ms. Flora Musta      

  Head of Licensing Directorate, AFSA  

Mr. Toni Gogu/ Mr. Elvis Zaimi

  Bank of Albania Legal Department    

Mr. Marjan Gjermeni

  Bank of Albania Treasury Department    

Mrs. Irena Gjika     

  Ministry of Finance, Debt Department  


Mrs. Brunilda Kostare      

 Albanian Association of Banks    

Mrs. Anila Fureraj    

 Director of Albanian Stock Exchange     

Mr. Genard Kastrati    

 Director of Shares and Registration Center      

Mrs. Rezarta Arapi     

 Treasury Department, Raiffeisen Bank    

Mrs. Etleva Kaiku     

 Treasury Department, BKT Bank       

Mrs. Elona Korini        

 Treasury Department, Intesa SanPaolo Bank     

Project Working Group Meeting Agendas, Documents and Minute

First Meeting   

  December 16, 2009

 Agenda and Minutes

Second Meeting

  January  22, 2010

 Agenda and Minutes