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United Bank of Albania

Company type	Privately held company
Industry	Financial services
Founded	1994; 30 years ago (1994)
Headquarters	Tirana , Albania
Products	Banking services
Website	www.uba.com.al

The United Bank of Albania, formerly known as the Arab-Albanian Islamic Bank, is an Albanian bank that provides banking services with headquarters in Tirana.

In 2021, United Bank of Albania had a market share of 0.67%, making it the smallest bank in Albania. ^[1]

History

The bank was founded by the state-owned National Commercial Bank of Albania (NCBA) and a group of Islamic investors. In 2000 NCBA was privatized and its 40% stake in UBA was acquired by the Ministry of Finance. In March 2009 the Ministry of Finance agreed to sell 40% of its shares to the Islamic Development Bank. ^[2]

References