The Albanian unit of Italys Intesa Sanpaolo Bank posted a first-quarter net income of EUR 3mn, the parent group said in a statement. The net income stood at EUR 6mn a year earlier. The Albanian banks Jan-March operating income fell by 0.7% on the year to EUR 10mn. Operating costs declined by 1% y/y over the period to EUR 4mn. The operating margin edged down by 0.4% y/y to EUR 6mn. Intesa Sanpaolo Bank Albania is the third-largest lender in the country in terms of assets, preceded only by Raiffeisen Albania and Turkish-owned National Commercial Bank. |
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
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
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