According to the US State Department, the banking sector is sound, profitable, and well capitalized. The Bank of Albania, the country’s Central Bank, is responsible for the licensing and supervision of the banking sector in Albania.  By law, all banks must keep 12% of deposits with the Central Bank of Albania to ensure liquidity and stability of the market.  The banking sector is 100 percent privately owned and its total assets have steadily increased over the years reaching USD 17 billion at the end of 2021 mostly based on customers deposits.  This equates to an average of $22,000 per household.  Many of the banks operating in Albania are subsidiaries of foreign banks, such as Raiffeisen Bank, Alpha Bank, Intesa and OTP. Source: US State Department, Wikipedia, Kazazi Consulting