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Union Bank was established in Albania on January 11, 2006, [1] as the second bank with Albanian capital. The head office is located in Tirana. In 2017 it employed 349 people and had 31 branches throughout Albania. [2] In 2021, Union Bank had a market share of 4.53%, making it the 8th largest bank in Albania. [3]
The bank was founded by the state-owned National Commercial Bank of Albania (NCBA) and a group of Islamic investors. In 2000 NCBA was privatized and its 40% stake in UBA was acquired by the Ministry of Finance. In March 2009 the Ministry of Finance agreed to sell 40% of its shares to the Islamic Development Bank. [2]
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.
Union Bank (Albania) Financials Banks Tirana: 2006 EBRD Owns 12.5% P A United Bank of Albania: Financials Banks Tirana: 1994 40% of shares gone to Islamic Development Bank: P A Vizion Plus: Consumer services Broadcasting & entertainment Tirana: 1999 Television P A Vodafone Albania: Telecommunications Mobile telecommunications Tirana: 2001 Part ...
Bank of Albania: 2 September 1925: Gent Sejko: bankofalbania.org: Commercial banks. Name ... Union Bank (Albania) 91,852 mln ALL: unionbank.al: United Bank of Albania
Union Bank (Albania) Union Bank of Australia, became part of Australia and New Zealand Banking Group; Union Bank Limited (Bangladesh) Union Bank of California, now named MUFG Union Bank; Union Bank of Halifax, Nova Scotia; Union Bank of Hong Kong, now named Industrial and Commercial Bank of China (Asia) Union Bank of India; Union Bank of Israel
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