United Bank of Albania

United Bank of Albania
Company typePrivately held company
IndustryFinancial services
Founded1994; 30 years ago (1994)
Headquarters
Tirana
,
Albania
ProductsBanking services
Websiteuba.com.al

The United Bank of Albania, formerly known as the Arab-Albanian Islamic Bank, is an Albanian bank that provides banking services with headquarters in Tirana.

In 2021, United Bank of Albania had a market share of 0.67%, making it the smallest bank in Albania.[1]

History

The bank was founded by the state-owned National Commercial Bank of Albania (NCBA) and a group of Islamic investors. In 2000 NCBA was privatized and its 40% stake in UBA was acquired by the Ministry of Finance. In March 2009 the Ministry of Finance agreed to sell 40% of its shares to the Islamic Development Bank.[2]

References

  1. ^ thebanks.eu: United Bank of Albania S.A., 2023-06-16, retrieved 2023-06-16
  2. ^ Company Overview