BALFIN Group made its debut in the banking industry in 2019, by acquiring Tirana Bank. The Group’s approach to BALFIN Group made its debut in the banking industry in 2019, by acquiring Tirana Bank. The Group’s approach to this industry stands on the “real banking” philosophy, which means providing real solutions to real needs and achieving tangible results. Our business model is based on central support through local expertise, providing our local clients with a wide commercial offer. As a locally owned bank, we have our customers’ long terms needs and views in focus and are therefore a much more stable bank.
Tirana Bank is the first privately-owned bank in Albania. Since its establishment in 1996, the bank quickly expanded its business activity and footprint. The Bank remains well positioned in the local market, by leveraging on a loyal and increasing customer base, as well as maintains presence of branches in all major cities, industrial zones and has a large ATMs network.
Since it became part of BALFIN Group (2019) and based on the newly defined development strategy, Tirana Bank has performed a steady organic growth and improved sharply its financial performance, by rigorously retaining its philosophy on providing quality products and services. In 2022, Tirana Bank plans to activate the representative office in Pristina, Kosovo, as well as look forward to potential acquisition opportunities.
The Bank is considered a mid-size bank with a very dynamic commercial presence in the market (as of June 2022: Total Assets ca. €850 mil equiv., ranked 6th in the local banking sector).Visit Website