Annual Report 2003 - Chapter IV. Banking Supervision
Production date: 13.04.2004
Printed on: 23.08.2004
Author: Bank of Albania
Material category
Periodic Publications, Annual Reports
Short Description
During 2003 the banking system experienced important developments such as the
entrance of a new nationally-owned bank, preliminary licensing of another bank of the
same kind as well as successful conclusion of the Savings Bank privatization process.
Eventually, after being faced with some unsuccessful privatization attempts, last December
Savings Bank was sold at one hundred percent share to the strategic investor, Raifeissen
Bank. These changes raised up to fifteen the number of the Albanian banks.
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