|The American Bank of Albania was established by the Albanian American Enterprise Fund (AAEF), a private non-political, non-profit corporation established pursuant to the US Government Act for the support for East European Democracy of 1989. The United States government provided the capital for the AAEF through a USD$30 million grant. The AAEF, which established the American Bank of Albania in 1998, has as a primary goal to promote Albanian private sector development.
The American Bank of Albania (ABA) scope is to offer Albanian and foreign citizens high quality and high security services, to restore the trust of the Albanian citizens in the Banking System after the economic breakdown caused by pyramid schemes and help the modernization of the Banking procedures. The Bank was approved by the Bank of Albania and got its license on August 10, 1998, and began operations on September 24, 1998. Since its inauguration, it has pioneered many traditional and innovative products and has grown to be the third largest bank in Albania among the 17 existing at the moment, according to customer deposits.
On June 14, 2004, ABA's Greek Branch opened its doors in Athens to ensure that members of the Albanian community that live and work in Greece, also benefit from the banks services, offered by personnel that can communicate with them in their own language.
On December 2006, AAEF agreed to sell 80% of the shares to Intesa Sanpaolo Bank. The agreement was finalized on June 29, 2007, and since then ABA is part of the Intesa Sanpaolo Group.
Intesa Sanpaolo Bank Albania is part of the international Italian banking group Intesa Sanpaolo. Intesa Sanpaolo is among the top banking groups in the Euro zone and the leading player in Italy in the retail, corporate and wealth management business areas. Thanks to a well-spread network of 5,900 branches it offers a wide range of services to about 11.3 million customers in Italy. Intesa Sanpaolo’s international activities are focused in Central-Eastern Europe and in the Mediterranean basin, where it operates in 13 countries through retail and commercial banks with approximately 1,850 branches and 8.5 million customers. Moreover, an international network is present in 34 countries to support corporate customers.
Since its establishment, Intesa Sanpaolo Bank Albania has led the transformation of the financial services industry in Albania by becoming one of the largest lenders in the country, and by providing a distinct quality service to all of its customers.
Intesa Sanpaolo Bank Albania is among the top banks in the domestic market, a leader in Albania in corporate business with corporate loans, corporate deposits and an everyday growing retail business of retail loans and retail deposits.
The ongoing growth is sustained by leading edge banking technology including its Internet banking service, ATMs, POS and cards. As part of the Italian banking group Intesa Sanpaolo Intesa Sanpaolo, the Bank will continue to offer its customers ever more competitive, service-led and innovating banking services.