Raiffeisen Albania Banking and Economy Insights

Raiffeisen Albania is a well-established bank in the country, with a strong presence in the market. It's a subsidiary of Raiffeisen Bank International AG, a European banking group.

The bank offers a wide range of financial services, from personal banking to corporate and investment banking. This includes products such as loans, credit cards, and deposit accounts.

Raiffeisen Albania has a significant network of branches and ATMs across the country, making it easily accessible to customers.

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Raiffeisen is a well-established bank in Albania, with a rich history dating back to 1924.

It operates as a subsidiary of Raiffeisen Bank International AG, a leading banking group in Central and Eastern Europe.

Raiffeisen Albania offers a wide range of financial services to individuals, businesses, and institutions.

The bank has a strong presence in the country, with a network of branches and ATMs across Albania.

Raiffeisen Albania is committed to innovation and technology, offering digital banking services and mobile apps for its customers.

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Raiffeisen Leadership is a crucial aspect of the bank's success in Albania. Elona Mullahi is the Board Member for Corporate Banking of Raiffeisen Bank Albania.

The bank has a strong leadership team in place, ensuring the smooth operation of its corporate banking division.

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Albania is a small country located in the Balkan Peninsula, bordered by Montenegro to the northwest, Kosovo to the northeast, Macedonia to the east, and Greece to the south and southeast.

The country has a rich history dating back to the Illyrian era, with a strategic location that has made it an important crossroads between Europe and the Middle East.

With a population of around 3 million people, Albania is a relatively young country, having gained independence from the Ottoman Empire in 1912.

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Albania is a country located in the Balkan Peninsula, bordered by Montenegro to the northwest, Kosovo to the northeast, Macedonia to the east, and Greece to the south and southeast.

Tirana is the capital city of Albania, where you'll find the country's main airport and most government buildings.

Raiffeisen Bank Albania is based in Tirana, Tirane, suggesting it's a significant financial hub in the city.

Albania has a significant banking sector, with Raiffeisen Bank Albania being a major player.

Raiffeisen Bank Albania employs 921 people, a notable figure in the country's workforce.

The bank operates in a specific industry, with NAICS codes 5221, 52, 522110, 52211, and 522.

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Raiffeisen Bank Albania led the largest syndicated loan in the country, financing €110 million exclusively by local banks operating in Albania.

This loan is dedicated to strengthening Albania's renewable energy infrastructure through the construction of three new hydropower plants by Ayen As Energji Sha.

The successful completion of this loan represents a major step towards sustainable energy development in Albania.

Raiffeisen Bank's commitment to supporting strategic projects contributes to the country's green transition.

Raiffeisen Bank has played a significant role in building confidence in Albania's financial system over the past 20 years.

The bank has been one of the three largest in the country since its inception and has earned the trust of Albanian depositors and investors.

The Albanian banking system, including Raiffeisen Bank, has successfully navigated challenging conditions over the past five years.

These challenges included the post-earthquake, pandemic, and international developments due to the war in Ukraine, as well as inflationary pressures.

Despite these obstacles, the banking system has preserved its financial health indicators and loan portfolio quality.

A notable achievement for Albania in 2023 was its removal from the FATF's "grey list" of jurisdictions under increased monitoring.

Banks, including Raiffeisen Bank, have cooperated with law enforcement agencies to combat money laundering and terrorist financing.

Raiffeisen (Albania) has made banking easier than ever with its advanced digital services. The bank's mobile app, Raiffeisen ON, is a great example of this, offering a seamless banking experience.

The Raiffeisen ON app is the most advanced banking app in Albania, providing users with a convenient way to manage their finances on the go.

The SIC code is a crucial piece of information for businesses and organizations. It's a numerical code used to classify industries and businesses for statistical purposes.

Raiffeisen Bank Albania has a SIC code of [60, 602], which indicates its specific type of business. This code helps to identify the bank's main activities and areas of operation.

In some cases, a business may have multiple SIC codes, depending on its diverse activities and services.

Raiffeisen ON is the most advanced banking app in Albania, making banking easy for its users.

With Raiffeisen ON, you can open an online account, finding out how easy it is to join Raiffeisen Bank.

The app is designed to make banking convenient, allowing users to access a range of services from the comfort of their own homes.

You can bank with us by opening an online account, which is a straightforward process that can be completed in no time.

The Raiffeisen ON app is a game-changer for banking in Albania, providing users with a seamless and efficient banking experience.