Tirana Bank is a well-established financial institution in Albania, with a rich history dating back to 1925. It was founded by a group of Albanian entrepreneurs and has since grown to become one of the largest banks in the country.
The bank offers a wide range of banking options to its customers, including personal and corporate banking services. This makes it a convenient choice for individuals and businesses alike.
Tirana Bank has a strong presence in the Albanian market, with a large network of branches and ATMs across the country. This allows customers to easily access their accounts and conduct financial transactions.
The bank's commitment to innovation and technology has enabled it to provide its customers with modern banking solutions, including online banking and mobile banking services.
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Tirana Bank Achievements
Tirana Bank has achieved a historic milestone, tripling its assets to 1.5 billion euros as of 2019. This significant growth is a testament to the bank's expansion and commitment to digital innovation.
The bank's deposits have increased by about 16% (170 million euros) and the loan portfolio has increased by about 34% (190 million euros) compared to the end of last year. This substantial growth reflects the bank's effective use of capital.
Tirana Bank's Return on Capital (RoE) stands at around 20%, indicating a high degree of profitability. This impressive figure showcases the bank's financial prowess.
As part of the BALFIN Group, Tirana Bank's performance has consistently exceeded the average of the banking sector. This achievement positions the bank as a reputable financial institution in the Albanian banking sector.
The bank's focus on digital innovation is evident in its plans to launch the TiBank digital platform, which will offer customers complete online services, including account opening without the need for physical presence.
A unique perspective: Firstbank Digital Banking
Swift Codes and Alternatives
Tirana Bank has multiple SWIFT codes, which can be confusing. Always double-check with the recipient before sending money to ensure you have the right SWIFT code.
One financial institution can have several SWIFT codes representing different branches, which can lead to errors.
It's essential to verify the correct SWIFT code with the recipient to avoid any issues with the transaction.
Financial institutions may have several different SWIFT codes that differ by just a few letters or numbers, so it's crucial to be precise.
Frequently Asked Questions
Can an American open a bank account in Albania?
Yes, Americans can open a bank account in Albania, requiring a valid passport and being at least 18 years old. A parent or guardian is required for minors.
What is the largest bank in Albania?
BKT is the largest and oldest commercial bank in Albania, serving customers through a network of 92 branches. Established in 1925, it has a significant presence in Albania and Kosovo.
What is the name of Albania central bank?
The central bank of Albania is called the Bank of Albania. Established by the Constitution of Albania, it is responsible for the country's monetary policy and financial stability.
Sources
- https://trackmyswift.com/swift-codes/TIRBALTR
- https://www.transfez.com/en/swift-codes/tirbaltr
- https://monitor.al/en/tirana-bank-trefishon-asetet-qe-nga-2019-arritje-historike-dhe-perkushtim-ndaj-inovacionit-digjital/
- https://www.thebankerdatabase.com/index.cfm/banks/4553/financials/Tirana%20Bank
- https://www.theswiftcodes.com/albania/tirbaltr/
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