American Bank of Investments today announced the signing of an agreement with the National Bank of Greece for the purchase of NBG Albania
NBG Albania has been operating in the Albanian market since 1996 and is renowned for innovative individual loans. It has a broad base of deposit customers and an extensive branch network in the main cities of Albania.
This agreement demonstrates the confidence in the Albanian banking market and the Albanian economy of one of the largest American investors in the region.
The American Bank of Investments has, over the past two years, become a success story marking record growth in deposits, profits, liquidity, and capital adequacy. It is particularly significant that we have improved the quality of the loan portfolio as a result of our work, with the integrity, dedication and professionalism of ABI employees and co-operation with Tranzit Finance, the largest and most experienced company in the purchase and collection of non-performing loans in Albania.
ABI appreciates in particular the dedication and experience of the staff of NBG Albania and expresses its determination and dedication to the high quality of customer service.
Completion of the transaction is subject to approval by the Local Regulatory Authorities.