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The Albanian banking network began its development in 1913 with the establishment of the central bank, but the banking network started its real expansion after the fall of Communism, in 1992. Following the new capitalist market economy structure, this network was established as a two-tier system of the central bank and secondary banks.
Name Total Assets (2022) Capital Website American Bank of Investments (ABI) 116,270 mln ALL: abi.al: BKT: 491,470 mln ALL: bkt.com.al: Credins Bank (CB) 297,740 mln ALL
The economy of Albania went through a process of transition from a centralized economy to a market-based economy on the principles of the free market . Albania's economy is based on the service (54.1%), agriculture (21.7%), and industrial (24.2%) sectors. [5] The country has some natural resources, and the economy is mainly bolstered by ...
A short-lived monarchical state known as the Principality of Albania (1914–1925) was succeeded by an even shorter-lived first Albanian Republic (1925–1928). Another monarchy, the Kingdom of Albania (1928–1939), replaced the republic. The country endured occupation by Italy just prior to World War II (1939–1945).
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Tirana is the capital and largest city in the country, followed by Durrës, Vlorë, and Shkodër . In ancient times, the Illyrians inhabited northern and central regions of Albania, whilst Epirotes inhabited the south. Several important ancient Greek colonies were also established on the coast.
The Ministry of Finances and Economy ( Albanian: Ministria e Financave dhe Ekonomisë) is a department of the Albanian Government, responsible for matters relating to economic policy, the central government budget, taxes, banking, security and insurance, international economic work, central, regional and local government .
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