United Bank of Albania
| Company type | Privately held company |
|---|---|
| Industry | Financial services |
| Founded | 1994 |
| Headquarters | , Albania |
| Products | Banking services |
| Website | uba |
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
- ^ thebanks.eu: United Bank of Albania S.A., 2023-06-16, retrieved 2023-06-16
- ^ Company Overview