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The bank provides products and services to individuals and small enterprises in Albania. [2] [3] In 2021, the American Bank of Investments had a market share of 5.54%, making it the 6th largest bank in Albania. [4]
Banking in Albania, in its present form dating from 1992, consists of the nation's central bank - the Bank of Albania - and an expanding network of secondary banks.The Bank of Albania has the task of supervising the financial system, which currently contains 16 privately owned banks and many other financial institutions.
Intesa Sanpaolo Bank Albania was created in 2008 from the merger of two of the country's most important banks: Banca Italo-Albanese (founded in 1993) and the American Bank of Albania (founded in 1998), both acquired by Intesa Sanpaolo Group. In 2021, Intesa Sanpaolo Bank Albania had a market share of 11.01%, making it the 4th largest bank in ...
In the early 1990s, Albania reformed its banking system to establish a two-tier banking system.In 1991, Banka Tregtare Shqiptare (BTSH) was established from the sub-division of the activities of the Albanian State Bank, the main activity of which was managing the foreign trade operations of the state-owned entities with former socialist countries.
Bank of Albania: 2 September 1925: Gent Sejko: bankofalbania.org: Commercial banks. Name Total Assets (2022) [2] Capital Website American Bank of Investments (ABI)
The beginnings of Balfin Investment Group started in 1993 in Vienna, where Samir Mane founded Alba-Trade. Having started with the trade of electronic devices, soon the BALFIN Group, created by Mane managed to create the largest network of electronics stores in Albania, Neptun and then extending the network in the neighboring countries of Kosovo and Macedonia.
The bank was founded in 1925 in Rome as the National Bank of Albania (Albanian: Banka Kombëtare e Shqipnis, Italian: Banca Nazionale d’Albania, Albanian acronym BKS or BKSH), replaced in 1945 by the state-owned Albanian State Bank based in Tirana (Albanian: Banka e Shtetit Shqiptar, BSS or BSHSH), before taking its current name in 1992.
Albania's transition from a socialist centrally planned economy to a capitalist mixed economy has been largely successful. [1] " Formal non-agricultural employment in the private sector more than doubled between 1999 and 2013," notes the World Bank, with much of this expansion powered by foreign investment.