Turkish subsidiary best bank of Albania
C-levels of Banka Kombetare Tregtare accept their award in London.Banka Kombetare Tregtare, a subsidiary of Turkey’s Çalık Group, has been selected for the second year in a row as “the best bank in Albania” by the pre-eminent international financial magazine, Euromoney.
The award was submitted to BKT’s Chairman, Mehmet Usta, and CEO and Board Member Seyhan
Pencablıgil at a gala dinner organized for the occasion in London. BKT is known as the oldest commercial bank in Albania, having a total asset value of $2.4 billion and a total deposit of $1.9 billion. The BKT network includes 83 branches, out of which 59 are located in Albania and 24 in Kosovo, making it the largest Albanian bank in the region since its privatization in 2000.
Despite low economic growth in Albania, BKT has managed to become the only bank that has increased its profitability and market share, Pencablıgil said. “Despite the ups and downs in the world and European economy, BKT’s consistent growth and profitable performance has made the difference. The success we have reached in Albania makes us bolder in evaluating the opportunities in extending our presence in the Balkan’s region.”