The Raiffeisen Bank is one of the largest banks in
Albania
Albania ( ; or ), officially the Republic of Albania (), is a country in Southeast Europe. It is located in the Balkans, on the Adriatic Sea, Adriatic and Ionian Seas within the Mediterranean Sea, and shares land borders with Montenegro to ...
. 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
Raiffeisen Zentralbank Österreich A.G. (RZB) was a significant bank in Austria and the central institution of the Raiffeisen Banking Group (RBG) until its merger into its subsidiary Raiffeisen Bank International (RBI) in 2017.
It had subsidi ...
(RZB) during 2004
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.
References
{{Reflist
2004 establishments in Albania
Banks of Albania
Raiffeisen Zentralbank
Banks established in 2004