Tirana, 22 September 2006 - For the first half of the year the American Bank of Albania’s net profit grew by 52.4 percent to Lek 404 million, from Lek 265 million reported for the same period in 2005.

Meanwhile, for the same period liabilities due to customers reached over Lek 53 billion figure, compared to Lek 47 billion at the closing of 2005.

Bank assets reflected an increase by 10 percent for the first half as compared with the end of 2005, growing thus from LEk 56 billion to Lek 61 billion.

Net income before taxes for the first two quarters reached over Lek 505 million, while for the same period in 30 June 2005 pre-tax income closed at Lek 376 million.

Balance Sheet as of 30 June 2006
(Amounts in ‘000 Lek)