Raiffeisen (Albania) Explained

Raiffeisen Bank
Type:Bank
Area Served:Albania
Industry:Finance
Products:Financial Services

The Raiffeisen Bank is one of the largest banks in Albania. In 2021, it had a market share of 15.35%, making it the third largest bank in Albania.

Background

It was originally known as Banka e Kursimeve (Savings Bank of Albania), but following its acquisition by Raiffeisen Zentralbank (RZB) during 2004[1] it was rebranded as Raiffeisen Bank. Since the acquisition, Raiffeisen has implemented retail lending and services, starting with ATM services and debit cards, and later additional retail activities. The bank is also building its corporate and SME businesses.

Notes and References

  1. Web site: Raiffeisen in Albania. Raiffeisen. 8 May 2016.