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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.
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]
According to Santander Bank, foreign direct investment in Albania now accounts for 50% of its GDP. [29] Bank profitability in Albania has dropped significantly in the last six months of 2023. Most international banking groups reported lower return on assets (RoA) and return on equity (RoE) for Albanian operations compared to overall group ...
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 ...
The Ministry of Finances and Economy (Albanian: Ministria e Financave dhe Ekonomisë) is a department of the Albanian Government, responsible for matters relating to economic policy, the central government budget, taxes, banking, security and insurance, international economic work, central, regional and local government.
Bottom line. A bank reconciliation statement is important in managing your busines finances.This document can help ensure that your bank account has a sufficient balance to cover company expenses.