AfE 2016 logo-196 135 Regional awards Press release View full 2016 results
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Albania Best bank: Banka Kombetare Tregtare |
The inexorable rise of Banka Kombetare Tregtare (BKT) continued in 2015, as the Turkish-owned bank overtook long-standing market leader Raiffeisen Bank to become Albania’s largest lender. By the end of 2015, BKT’s share of the overall loan market had risen to 19.6% on the back of year-on-year portfolio growth of 9.1%, while that of its Austrian rival had dropped to 18.9%. Raiffeisen’s deleveraging was partly driven by a reduction in risk appetite on the part of the parent group, but high levels of legacy bad debts also weighed on growth and profitability.
In contrast, BKT’s relatively unencumbered balance sheet – non-performing loans accounted for just 5.9%