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Lately even the German giant Deutsche Bank (DB) was reported to have chosen Flexcube to help sustain its venture into retail banking in Russia and China, International Banking Systems journal (IBS) announced last month.
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Now on, even our ABAflex individual customers will be able to pay their water utility bill online through ABAflex for the Tirana Water Supply Company. Paymenf of the water utility bills through ABA was made possible first in March of 2006 starting with our corporate customers and now our ABAflex individual customers for the Tirana Water Supply Company.
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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.
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Tirana, 20 November 2006 marked the signing of the agreement for a EUR 10 million syndicated loan granted to Romano Port sh.a., that has undertaken the construction of a jetty - Romano Port - for the transportation of oil, gas and their products in the coastal area of Porto–Romano, Durres. This project represents the first private jetty that will handle the transportation of oil and gas and other such products in Albania.
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At the start of September, the American Bank of Albania introduced a new offer for all its ABAflex customers who would decide to use ABAflex to effect their outgoing transfers.
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ABA has introduced a new innovative and very interesting product exclusively for ABAflex users.
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The AAEF has reached an agreement in principal with the Group San Paolo IMI to sell 80% of the shares of the American Bank of Albania maintaining a continuing participation of 20%.
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American Bank of Albania has increased its deposit interest rates in Lek. Respectively, 4.50% for 6-months; 5.30% for 1 year and 6.00% for 2 years.
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Recently, ABA published its latest interest rates for all types of Mortgage Loans, which include; loans for housing and shops, reconstruction, furniture, etc.
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Following the expansion of the card payment opportunities, American Bank of Albania has entered into an agreement with Tirana Municipality, based on which every individual or business may now pay all local taxes using their Visa or MasterCard.
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