Latest articles from Albania

Crisis in Greece: the credit impact on south-eastern Europe

July 13, 2015
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The turmoil in Greece is having an impact on financial markets throughout the eurozone, but this impact may be felt greater in its five neighbours where Greek banks have a particularly large presence: Albania, Bulgaria, Macedonia, Romania and Serbia.

Austrian banks’ profits in CEE hit all-time low

May 22, 2015
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For years, Austrian lenders Erste Bank and Raiffeisen Bank have enjoyed strong profits at their central and eastern European operations, but with growth in these economies slowing, more recent results suggest that they may need to rethink their strategies in the region.  

Xhentil Demiraj, debt director, Albanian Ministry of Finance

Albania times Eurobond debut to perfection

December 23, 2010

Despite its close proximity to crisis-hit Greece, Albania made its first foray into the Eurobond market last year. After agonising over when to issue the deal in such a volatile market, it would seem that the timing of the launch was just right. Writer Joanne Hart

Albanian banking sector grow

Albania's banks take small steps

November 24, 2010

Now Albania has emerged from the financial crisis in relatively sound health, its banks are setting their sights on prudent expansion.

To the Balkans and Beyond

May 5, 2009

Over the past decade, Greece's leading banks have expanded into south-east Europe. To remain competitive, however, they will now need to weather the financial storm and continue to focus on increasing their presence in the Balkans and the rest of eastern Europe. Writer Kerin Hope

Albania

January 2, 2006

Raiffeissen Bank
Steven Grunerud,CEO

Albania’s slow awakening

August 1, 2005

As the economy continues to expand, foreign banks are gradually moving into Albania, with growth in lending and consolidation. Kerin Hope reports.

Albania sells off Savings Bank for $126m to Austria’s RZB

May 3, 2004

Austria’s Raiffeisen Zentralbank (RZB) has expanded its role in central and eastern Europe with the 100% acquisition of Albania’s largest bank, the Savings Bank of Albania. Following the failure of earlier attempts to privatise the bank, plans were announced by the government last September to sell it by tender and RZB paid $126m for all the bank, representing a 2.5 multiple ofbook value.

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