Since its establishment, Intesa Sanpaolo Bank Albania has led the transformation of the financial services industry in Albania by becoming one of the largest lenders in the country, and by providing a distinct quality service to all of its customers. 

 

Intesa Sanpaolo Bank Albania is among the top banks in the domestic market, with a total asset  of Euro 864 million, a leader in Albania in corporate business with corporate loans of Euro 283.7 million, corporate deposits of Euro 186.4 million and an everyday growing retail business of retail loans Euro 78 million and retail deposits of Euro 521.3 million.

 

The ongoing growth is sustained by leading edge banking technology including its Internet banking service, ATMs, POS  and cards. As part of the Italian banking group Intesa Sanpaolo Intesa Sanpaolo, the Bank will continue to offer its customers ever more competitive, service-led and innovating banking services.

 

 

 

 

ABA was established in September of 1998, by the Albanian-American Enterprise Fund (AAEF) a private investment fund established by the United States Government under the SEED Act of 1989, to assist Albania in its transition to a market economy. As at 30 December 2007, ABA had total deposits of LEK 93.4 billion, total loans of over LEK 39.7 billion, and total assets of over LEK 106.4 billion. On the 20th and 21st of December 2006, AAEF, ABA’s sole shareholder, signed a Share Purchase Agreement and a Shareholder Agreement for the sale of 80% stake of the shares outstanding, with AAEF maintaining control of the other 20% stake, until 2009. The agreement was finalized on the 29th of June 2007, when ABA officially became a bank of Intesa Sanpaolo Group.

 

Banca Italo-Albanese was established in July 1993 as one of the first private banks in Albania. It was established as a joint venture between the National Commercial Bank of Albania (shares were transferred to Ministry of Finance) and the Italian Banca di Roma. On 7 December 2005, Sanpaolo IMI signed the agreement for the acquisition of a stake of 80% in Banca Italo Albanese, from Capitalia and the Ministry of Finance (40% each). The European Bank for Reconstruction and Development (20%) retained its stake.

 

Assets	LEK 119.9 Billion
Deposits	LEK 98.4 Billion
Loans	LEK 50.2 Billion
Staff	513
Branches	32
(Data as at 31 March, 2010)

 

 

Business Area	Domestic market share	Domestic ranking
Total Loans	10.95%	3 rd
Corporate Loans	12.55%
Retail Loans	7.47%
Total Deposits	13.59%	3 rd
Corporate Deposits	23.28%
Retail Deposits	11.83%
Total Assets	13.13%	3 rd

 

 

Entity	% Holding in Bank
Intesa Sanpaolo Group S.p.A.	90.83%
European Bank for Reconstruction and Development	7.78%
Società Italiana per le Imprese all’Estero S.p.A.	1.39%
Total	100.00%

 

Intesa Sanpaolo Bank Albania (PDF - 2.49 MB - updated July 2010)