Two foreign banks have submitted letters of intent to acquire a stake in state-owned Albanian Savings Bank
Published:
25 October 2003 y., Saturday
Two foreign banks have submitted letters of intent to acquire a stake in state-owned Albanian Savings Bank, local media reported Tuesday.
Austria's Raiffeisen Bank and Hungary's Orszagos Takarekpenztar es Kereskedelmi Bank Rt., or OTP Bank, expressed their interest before the Oct. 20 deadline in buying the Savings Bank, bank general director Ardian Kamberi was quoted as saying by the daily Shekulli.
Other bank officials confirmed the news, on condition of anonymity, but declined to give other details saying the banks board would make them public on Oct. 25.
Albania is seeking to sell a minimum stake of 30 percent and up to 100 percent of the Savings Bank, the largest retail bank in the country.
The bank's assets totaled 1.41 billion euros as of June 30 and the bank showed a net profit of 9.8 million euros for the first six months of the year.
The bank currently holds about 60 percent of the country's deposits in local currency, the lek, and 27 percent of all hard currency deposits.
Šaltinis:
AP
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
New rules for the EU's single market will make it easier to live and do business anywhere in Europe.
more »
MEPs were disappointed that the Commission's EU budget review document had not sought the radical revision that the EU needs, they told Budgets Commissioner Janusz Lewandowski in a Policy Challenges Committee debate on Thursday.
more »
On 25 October, the Commission adopted the decision to financially support the 2011 electoral process in the Central African Republic.
more »
New EU framework for crisis management in the financial sector for managing problems before they spiral out of control.
more »
The financial crisis laid bare the limits of self-regulation, demonstrating the need for strong EU economic governance, surveillance and policy co-ordination, say two non-legislative resolutions voted by Parliament on Wednesday.
more »
The European Commission has approved an application from Germany for assistance from the European Globalisation adjustment Fund (EGF).
more »
Global and EU- level taxes on financial sector would help to fund international challenges such as development or climate change and fix the fallout from the global economic crisis.
more »
The European Investment Bank and African Development Bank today agreed to provide EUR 45m to design, build and operate onshore wind farms on four islands in the Cape Verde archipelago.
more »
MEPs want future EU budgets to accommodate new policy priorities as well as negotiations on new sources of financing.
more »
The European Parliament's Budgets Committee on Monday backed EU funding for 3,731 workers in Portugal, the Netherlands, Spain and Denmark who were made redundant due to the closure of their companies.
more »