Credins Bank

Credins Bank
Company typePrivate
IndustryBanking
Founded2003
HeadquartersTirana
ProductsBanking services
Websitebankacredins.com

Credins Bank is an Albanian bank, established in Albania in March 2003 by a group of businessmen[1] as the first private bank with Albanian capital.[2] The head office is located in Tirana.

In 2021, Credins Bank had a market share of 15.88%, making it the second largest bank in Albania.[1]

At the end of 2017, the bank had a network of 59 branches and 63 ATM, totalling over 120 locations in Albania.[3] Today the bank is the seconnd largest bank in the country in terms of total assets and the largest one in the loan portfolio sector.[citation needed] Since 2020 Credins Bank has expanded in Kosovo [4] and currently operates 7 branches.[citation needed]

In November 2017, British-based Amryta Capital LLP bought a 14.9% stake in the bank.[5]

Sources

  1. ^ a b thebanks.eu: Credins Bank S.A., 2023-06-16, retrieved 2023-06-16
  2. ^ Bitzenis, Aristidis (2009). The Balkans: Foreign Direct Investment and EU Accession. Ashgate Publishing, Ltd. ISBN 978-0-7546-4566-5.
  3. ^ http://www.aab.al/en/statistics.php Archived 2016-05-26 at the Wayback Machine.
  4. ^ Dept, International Monetary Fund European (2021-02-17). Republic of Kosovo: 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Republic of Kosovo. International Monetary Fund. ISBN 978-1-5135-6953-6.
  5. ^ "Amryta Capital buys stake in Albania's Credins Bank". Reuters. 2017-11-22. Retrieved 2022-10-10.