Awards for Excellence 2012 |
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Central and Eastern Europe winners by country Albania Armenia Azerbaijan Belarus Bosnia and Herezegovina Bulgaria Croatia Czech Republic Georgia Hungary Kazakhstan Kosovo Kyrgyzstan FYR Macedonia Moldova Montenegro Poland Romania Russia Serbia Slovakia Turkey |
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Best Bank: Banka Kombetare Tregare |
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Both of Albania’s biggest banks recorded another year of solid results in 2011, building their balance sheets and boosting profitability. Despite market leader Raiffeisen’s impressive achievement in increasing net income by 27.3%, Banka Kombetare Tregtare (BKT) earns this year’s award by virtue of its superior asset quality and more rapid expansion. BKT’s non-performing loan ratio stood at just 5.6% at end-2011, compared with Raiffeisen’s 10.8%, and its asset base growth of 24% outpaced that of its larger rival by eight percentage points. Furthermore, thanks to a 41% increase in lending, BKT finally pulled clear of the chasing pack in 2011 and is now number two in Albania by assets, deposits and loans. The strong performance continued into the first quarter of 2012 when, despite increasing its capital adequacy ratio by eight percentage points to 13.7%, |