Intesa Sanpaolo Bank Albania posts 15.7% rise in operating profit it Jan-Sep.

By bne IntelliNews November 15, 2010
The operating profit of Intesa Sanpaolo Bank Albania increased by 15.7% y/y to EUR 18mn in Jan-Sep, the banks parent company said. The positive outcome stemmed from a 4.6% y/y increase in revenues as a result of favorable foreign exchange operations and more effective management of the treasury. At the same time, the banks operating costs dropped by 7.9% y/y on the back of a sharp decrease in administrative expenses. Net income grew by 19% y/y to EUR 12mn. Intesa Sanpaolo Bank Albania, controlled by Italys Sanpaolo Bank, is the third-largest lender on the local market, preceded only by Raiffeisen Albania and Turkish-owned National Commercial Bank.

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

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