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Credins Bank report increased earnings
Tirana, Nov. 5, 2008 (AENews) – Credins Bank, a middle size bank in Albania, reported strong increase in earnings for the 10 months 2008 period, in a statement published today. Earnings rise on USD 7.2 Mln, for the ten months January- Octomber, from 6.4 million registered in FY2007.
Assets reached 428.3 Mln, while credit portfolio was 261.5 Mln. Credins Bank have 70k customers and 31 branches and agencies in Albania. Its earning were increased despite strong rise on spending, caused by International Financial Crisis. Established in 2004 as a local owned bank, with a small capital of 6 million USD, Credins has seen a very rapid growth managing to upgrade itself in a middle size bank in Albania.
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Posted by admin
on Nov 5th, 2008 and filed under Banking & Finance, Business.
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