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With state capital, without a license from the Bank of Albania and with a plan to sell 49% of its shares to private banks linked to the government, the Albanian Development Bank raises suspicions of a parallel financial mechanism.
Created as a state-owned bank to support small businesses and citizens, the Albanian Development Bank is emerging as a financial instrument with full banking powers, but without supervision by the Bank of Albania. Its law allows for the collection of deposits, lending, issuing bonds and investments, while the government does not assume guarantees for depositors. In parallel, the Ministry of Finance is preparing the sale of 49% of the shares to three private banks, while a foreign administrator has been appointed at its head in violation of the law on public banks. The case raises serious concerns about conflicts of interest, secret privatization and the creation of a financial structure uncontrolled by regulatory authorities.
The status of the Albanian Development Bank reveals the true intentions of Prime Minister Edi Rama for its creation, under the guise of supporting small and medium-sized businesses and citizens with loans and collecting deposits from them.
In law, this state-owned bank is not called a commercial bank, but its activity is a copy of private banks in Albania, with the right to make deposits, make loans, issue treasury bills, invest funds in domestic and foreign markets, conduct transactions and obtain loans from domestic and foreign entities.
Edi Rama has determined complete independence for this Development Bank, allowing it to carry out activities without a license and without supervision from the Bank of Albania.
The scandal is the right of the Albanian Development Bank to collect savings deposits and investment funds, while the Albanian Post will act as an intermediary for their collection and return in the event of bankruptcy, when this company does not have the right to engage in banking activities.
The law and statute of this state-owned bank do not clarify who bears the responsibility and burden of financial repayment for the deposits of citizens and other entities, while the government does not assume their guarantee, allowing an activity similar to the former pyramid schemes.
Edi Rama and Minister Petrit Malaj are preparing the sale of 49% of the bank's shares
The Albanian Development Bank is 100 percent owned by the Ministry of Finance, with capital of 5 billion lek, divided into 2000 shares; capital that was initially set at 10 billion lek.
In the law and in the bank's statute, the Government and the Ministry of Finance have the right, through the administrator and the Supervisory Board, to sell 49 percent of the bank's shares, equal to this respective percentage of capital, valuing one share at 2.5 million lekë.
According to information provided by "Pamfleti" from sources in the Ministry of Finance, Edi Rama and Minister Petrit Malaj are preparing a scheme to sell 49 percent of the bank's shares.
The bank was registered at the National Business Center on December 18, 2025, and now, after two months, three private banks will become partners with the Albanian state. It remains to be seen which of these private banks will take over the shares of the Albanian Development Bank.
They will have the advantage of carrying out activities without a license and without supervision from the Bank of Albania, and can even transfer money through the uncontrolled channels of the Development Bank.
The Italian Silvio Pedrazzi has been appointed administrator.
A serious violation is the appointment as administrator of this bank of the Italian Silvio Pedrazzi, a friend of Edi Rama, former president of the Association of Banks in Albania and board member of the State Investment Agency.
According to the law on public banks, the administrator of the Albanian Development Bank must be Albanian and only with Albanian citizenship; so must the members of the Supervisory Board. However, one of them is the Frenchman Daniel Demeulenaere, a friend of Edi Rama.
The other four are Albanians, connected to private banks and law firms close to Rama and Agaç; specifically, Artur Asllani from the “Tonuçi & Partners” studio; Eris Hysi from the “Haxhia & Hajdari” studio; Irida Huta and Arben Shkodra, a businessman close to the government./ Pamphlet
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