United Bank of Albania
| |
Private | |
Industry | Banking |
Founded | 1994 |
Headquarters | Tirana |
Products | Banking services |
Website | uba.com.al |
United Bank of Albania formerly known as the Arab-Albanian Islamic Bank is a company that provides banking services headquartered in Tirana, Albania. The bank was founded by the state-owned National Commercial Bank of Albania (NCBA) and a group of Islamic investors. In 2000 NCBA was privatized and its 40% stake in UBA was acquired by the Ministry of Finance. On March 2009 the Ministry of Finance agreed to sell 40% of its shares to the Islamic Development Bank.[1]
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