Intesa Sanpaolo Bank Albania net income grows 18% in Jan-Sept 2011.

By bne IntelliNews November 10, 2011
The Albanian unit of Italian Intesa Sanpaolo Bank posted a net income of EUR 13mn in the first nine months of 2011, up from EUR 11mn a year ago, the parent bank said in its Q3 financial report. The banks operating income stood at EUR 30mn, down by 0.2% y/y. The operating costs decreased by 9% y/y to EUR 11mn, due to lower administrative and personnel expenses. The operating margin thus picked up by 6% y/y to EUR 19mn. Intesa Sanpaolo Bank Albania is the third-largest lender on the local market in terms of assets, preceded only by Raiffeisen Albania and Turkish-owned National Commercial Bank.
Intesa Sanpaolo Bank Albania, Jan-Sep results, (EUR mn)
2010 2011 change y/y
Operating income 30 30 0.2
Operating costs 12 11 -9.0
Operating margin 18 19 6.0
Pre-tax income 14 13 -7.5
Net income 11 13 18.0
Source: Intesa Sanpaolo presentations
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Albania calls tender for supervision of sewerage project.

Albania has called a tender to select a company to supervise the construction and supplies for a sewerage system and waste water treatment plant in Velipoja area, the European Commission informed ... more

Albania's govt approves changes in concession agreement for Devoll project.

The Albanian government has approved changes in the concessionary agreement for the Devoll Hydropower cascade, which formally enables Austrian EVN to exit from the project, the cabinets press ... more

Albanian parliament panel endorses EUR 12.7mn EBRD loan for dam safety project.

The economy and finance committee of Albanias Parliament has approved a EUR 12.7mn loan from the European Bank for Reconstruction and Development (EBRD) to be used to fund a project for upgrading ... more

Most Read

  1. Wildfires hit Croatia and Montenegro’s Adriatic coast
    6 days ago
  2. Tajik president’s 23-year old daughter appointed deputy head of largest Tajik bank
    5 days ago
  3. Bosnia’s ruling coalition collapses
    2 days ago
  4. Siemens considers quitting Russia
    10 days ago
  5. FINTECH: A Russian fintech revolution is coming
    10 days ago
  1. CHINA RISING: When sleeping giants meet
    13 days ago
  2. Belarus’ retail king Euroopt goes on the road
    19 days ago
  3. STOLYPIN: Russia’s cyber-challenge cuts both ways
    21 days ago
  4. Siemens considers quitting Russia
    10 days ago
  5. COMMENT: Gazprom’s exit from Turkey is a sign of the times
    11 days ago

Selected articles from our premium news/views wire IntelliNews Pro

Login to IntelliNews Pro
Get IntelliNews Pro

Reports

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss