Credit Bank of Albania

Credit Bank of Albania (CBA) was a privately owned commercial bank headquartered in Tirana, Albania. It began banking operations in March 2003 and served the Albanian market with a conventional range of deposit, payment, and lending products. Its principal lending focus was corporate banking, while its broader offering included checking accounts, savings accounts, time deposits, and loans. The bank was established by Kuwaiti entrepreneurs Jassim al-Kharafi, Nasser al-Kharafi, and Fauzi al-Kharafi, who were identified as its founders and shareholders. CBA therefore represented an example of foreign-backed private banking activity in Albania during the period in which the country's financial sector was developing and becoming more integrated with international capital. CBA's business model combined corporate lending with standard retail and transactional banking services. The available reference material does not identify a separate consumer brand architecture, extensive branch network, major product franchises, or a broader international operating footprint. Its known market was Albania, with its headquarters in Tirana. The bank was dissolved in 2019. Publicly available reference material supplied for this entry does not provide detailed information about the circumstances of the dissolution, any successor institution, a merger or acquisition, regulatory proceedings, financial performance, or the bank's final ownership structure. Accordingly, those matters are left unspecified rather than inferred. Credit Bank of Albania should be treated as a historical, defunct Albanian banking brand rather than an active financial institution.

Credit Bank of Albania was created as a private commercial banking venture in Albania by Kuwaiti entrepreneurs Jassim al-Kharafi, Nasser al-Kharafi, and Fauzi al-Kharafi. The bank launched operations in March 2003, placing its entry within the period of continued modernization and expansion of Albania's banking sector. From the information available, CBA's central business activity was lending to corporate customers. This focus was complemented by ordinary commercial banking services for account holders, including checking accounts, savings accounts, time deposits, and lending products. The combination suggests a bank serving both business clients and customers seeking standard deposit and financing facilities, although the available sources do not provide a detailed breakdown of its customer base, branch footprint, balance sheet, market share, or distribution channels. The institution was headquartered in Tirana and operated in Albania. Its founders were also described as its shareholders, linking the bank's ownership to the Kuwaiti al-Kharafi family business community. The supplied reference material does not identify additional shareholders, a parent bank, a later change in control, or a formal group structure. Credit Bank of Albania was dissolved in 2019. The available reference does not explain whether the dissolution followed a sale, merger, voluntary wind-down, license cancellation, insolvency process, or another corporate or regulatory action. It also does not identify a successor brand or institution. As a result, the bank's documented history can be stated with confidence only in broad terms: it was founded and launched in 2003, operated as a private Albanian commercial bank centered on corporate lending and conventional banking services, and ceased to exist as a bank in 2019.

• 2019

  Dissolution

  [1]Credit Bank of Albaniaen.wikipedia.org

  The bank was dissolved in 2019. The available reference does not specify the legal or commercial circumstances surrounding the dissolution.

• 2003

  Operations begin

  [1]Credit Bank of Albaniaen.wikipedia.org

  Credit Bank of Albania commenced operations in March 2003 as a privately owned commercial bank headquartered in Tirana.

A privately owned Albanian commercial bank with a primary focus on corporate lending and a supporting portfolio of conventional deposit and loan products.

• Commercial banking

  Corporate lending

  Corporate lending was identified as Credit Bank of Albania's core lending activity. The available source does not provide details on sectors served, loan types, maturities, pricing, or the size of the corporate portfolio.

• Deposits

  Deposit accounts

  The bank offered conventional deposit products, including checking accounts, savings accounts, and time deposits. These products supported everyday transactions and customer savings, but detailed terms and distribution information are not available in the supplied reference.

• Loans

  Lending services

  In addition to its corporate lending focus, Credit Bank of Albania provided lending services as part of its broader commercial banking portfolio. The available material does not identify specific retail loan products or other specialized financing lines.

1. 1Credit Bank of Albaniaen.wikipedia.org