PRESS RELEASE
Governor Sejko attends the ceremony of Intesa Sanpaolo Bank Albania, on the occasion of the 10th anniversary operating in Albania

On 18 October 2018, the Governor of the Bank of Albania, Mr Gent Sejko attended the ceremony organised by Intesa Sanpaolo Bank Albania (ISP Albania), on the occasion of the 10th anniversary of operating in Albania, and the inauguration of the new premises in Tirana.

High-level representatives of the banking and financial system, collaborators of ISP Bank Albania, customers and ISP’s employees attended the ceremony.

Mr Silvio Pedrazzi, Chief Executive Officer of  ISP Bank Albania; Mr Gent Sejko, Governor of the Bank of Albania; Mr  Bozo Prka, Chairman of the Board of Directors, ISP Bank Albania; H.E.  Alberto Cutillo, Ambassador of the Republic of Italy in Tirana; Mr Erion Veliaj, Mayer of Tirana and Mr Alessandro Dordolo, Head of Human Resources, International Subsidiary Division of Intesa Sanpaolo, addressed at this ceremony.

In his address, the Governor of the Bank of Albania, Mr Gent Sejko, stated that both the Albanian banking system and the Albanian economy have gone through many stages, and extraordinary development, vis-a-vis the early years. In this context, the economy in Albania shows rather good indicators, the banking system is well capitalised, liquid, and provides a broad range of products and services to clients, both households and enterprises.

Governor Sejko emphasised that ISP Bank Albania has developed dynamically over these 10 years, by re-dimensioning its activity, in response to changes in the market and in its strategy, and implementing a prudential approach in managing risks, which is reflected in the positive sustainable indicators of its performance.

ISP Bank Albania has successfully managed the latest strategic initiative- the acquisition of an other bank in the system - by avoiding the possible negative effects, both in operational aspect and in its capitalisation position and liquidity.

Also, ISP Bank Albania continues to maintain its role in supporting and financing public and private investments, being orienting towards sectors which ensure a stable development and are the main pillars of economic growth at home.

Concluding, the Governor showed positive regarding the investments of these institutions, which bring the experience and culture of European banking in providing services to enterprises and households. He pointed out that it is a very good sign for the economy and banking sector that a serious investor and partner as ISP Bank Albania is making another step further toward its consolidation and positioning in the Albanian market.