United Bank of Albania
The United Bank of Albania, formerly known as the Arab-Albanian Islamic Bank, is an Albanian bank that provides banking services with headquarters in Tirana.
 | |
| Private Company | |
| Industry | Financial Services |
| Founded | 1994 |
| Headquarters | , |
| Products | Banking services |
| Website | www |
History
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]
References
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