Albania, with a population of more than three million and a GDP per capita of $1565 in 2002, is an infant economy with a significantly under-banked market. Real GDP growth reached 5.5% in 2003 and RZB analysts forecast 5.3% growth this year.
Savings Bank, which had total assets of $1.37bn at the end of 2002, was the last remaining state-owned bank and had an estimated 54% share of the banking market.