Following the approval from Bank of Albania on June 6, 2018, American Bank of Investments is proud to announce today the successful closing of the transaction for the purchase of NBG Bank Albania.
NBG Bank Albania has been operating in the Albanian market since 1996 and is known for its innovative individual loans. The Bank has a broad base of customers and extension of the branch network in the main cities of Albania.
Commenting this latest transaction, Mr. Gregory Katz as ABI Bank’s shareholder representative stated that: "This transaction demonstrates the confidence in the Albanian banking market and in the Albanian economy of one of the largest American investors in Albania and the region. The clients of both banks have welcomed this transaction, which will enable the release of unique synergies between ABI Bank and NBG Bank Albania. These synergies made possible by specialized and dedicated staff will create the largest boutique bank in Albania. The American Bank of Investments, over the past two years has become a success story marking record growth of deposit, profit, liquidity, and capital adequacy. The American Bank of Investments expresses its determination and dedication to the high quality of customer service".
Kerameus & Partners of Athens, Greece acted as legal counsel to ABI.
Since 1993, NCH Capital is one of the largest regional investors. Companies operated by NCH have been doing business in Albania since 2007. In the field of banking and financial services, NCH Capital has deep experience in Romania, Moldova, Ukraine, and Latvia in addition to Albania.