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Banka Kombëtare Tregtare
Banka Kombëtare Tregtare (BKT) is the largest and oldest operating commercial bank in Albania, tracing its roots to the creation of the National Bank of Albania in 1925. In 2021, it had a market share of 26.11%. Establishment In the early 1990s, Albania reformed its banking system to establish a two-tier banking system. In 1991, Banka Tregtare Shqiptare (BTSH) was established from the sub-division of the activities of the Albanian State Bank, the main activity of which was managing the foreign trade operations of the state-owned entities with former socialist countries. In 1992, Banka Kombëtare e Shqipërisë (BKSH) was created by a second sub-division of the State Bank of Albania. BKSH was set up to manage the domestic trading activity of the State-owned entities. The assets and liabilities from the activities of these two entities were transferred to BKT accounts since it was first established. Banka Kombëtare Tregtare (BKT) was established in January 1993 by merging BTSH ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tirana
Tirana ( , ; ) is the capital and List of cities and towns in Albania, largest city of Albania. It is located in the centre of the country, enclosed by mountains and hills, with Dajti rising to the east and a slight valley to the northwest overlooking the Adriatic Sea in the distance. It is among the wettest and sunniest cities in Europe, with 2,544 hours of sun per year. Tirana was founded in 1614 by Ottoman Albanian general Sulejman Bargjini, Sylejman Pasha Bargjini, centered on the Sulejman Pasha Mosque, Old Mosque and ''Sulejman Pasha Tomb, türbe''. The city was fairly unimportant until the 20th century, when the Congress of Lushnjë proclaimed it as Albania's capital after the Albanian Declaration of Independence in 1912. The site of present-day Tirana has been continuously inhabited since the Iron Age and was likely the core of the Illyrian kingdom of the Taulantii, which in classical antiquity was centred in the hinterland of Durrës, Epidamnus. Following the Illyrian ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Albanian Parliament
The Parliament of Albania () or Kuvendi is the unicameral representative body of the citizens of the Republic of Albania; it is Albania's legislature. The Parliament is composed of no less than 140 members elected to a four-year term on the basis of direct, universal, periodic and equal suffrage by secret ballot. The Parliament is presided over by the Speaker, who is assisted by at least one deputy speaker. The electoral system is based on party-list proportional representation. There are 12 multi-seat constituencies, corresponding to the country's counties. The Parliament's powers are defined by the Constitution of Albania. Among its responsibilities, it has the power to amend the borders of Albania or the Constitution, pass all laws, approve the cabinet, supervise the work of the government, declare war, decide on cessation of hostilities, adopt the state's budgets and approve the state's accounts. Other duties include calling referendums, performing elections and appointm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1993
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts of credit and lending that had their roots in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kosovo
Kosovo, officially the Republic of Kosovo, is a landlocked country in Southeast Europe with International recognition of Kosovo, partial diplomatic recognition. It is bordered by Albania to the southwest, Montenegro to the west, Serbia to the north and east, and North Macedonia to the southeast. It covers an area of and has a population of approximately 1.6 million. Kosovo has a varied terrain, with high plains along with rolling hills and List of mountains in Kosovo, mountains, some of which have an altitude over . Its climate is mainly Continental climate, continental with some Mediterranean climate, Mediterranean and Alpine climate, alpine influences. Kosovo's capital and List of cities and towns in Kosovo#List, most populous city is Pristina; other major cities and urban areas include Prizren, Ferizaj, Gjilan and Peja. Kosovo formed the core territory of the Dardani, an ancient Paleo-Balkanic languages, Paleo-Balkanic people attested in classical sources from the 4th cent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Albania
The Bank of Albania () is the central bank of Albania, issuing the Albanian lek. It is headquartered in Tirana, with five branches in Shkodër, Elbasan, Gjirokastër, Korçë and Lushnjë, and a Research and Training Center in Berat. The bank was founded in 1925 in Rome as the National Bank of Albania (, , Albanian acronym BKS or BKSH), replaced in 1945 by the state-owned Albanian State Bank based in Tirana (, BSS or BSHSH), before adopting its current name in 1992. History Background In the first few years following Albanian Declaration of Independence, Albania's declaration of independence on 28 December 1912, the fledgling country lacked a central bank, and several attempts to create one were unsuccessful. Under Ismail Qemali's leadership, a first "National Bank of Albania" was created on , whose construct was dominated by foreign banks such as the Austrian Wiener Bankverein and the Banca Commerciale Italiana. The backlash against that foreign domination triggered a revolt i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Bank For Reconstruction And Development
The European Bank for Reconstruction and Development, shortened to EBRD ( French: ''Banque européenne pour la reconstruction et le développement'' or ''BERD''), is an international financial institution founded in 1991 in Paris. As a multilateral developmental investment bank, the EBRD uses investment as a tool to build market economies. Initially focused on the countries of the former Eastern Bloc it expanded to support development in more than 30 countries from Central Europe to Central Asia. Similar to other multilateral development banks, the EBRD has members from all over the world (North America, Africa, Asia and Australia, see below), with the biggest single shareholder being the United States, but only lends regionally in its countries of operations. Headquartered in London, the EBRD is owned by 75 countries and two European Union institutions, the newest shareholder being Nigeria since February 2025. Despite its public sector shareholders, it invests in private ente ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Finance Corporation
The International Finance Corporation (IFC) is an international financial institution headquartered in Washington, D.C. and a member of the World Bank Group that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries. It was established in 1956, as the private-sector arm of the World Bank Group, to advance economic development by investing in for-profit and commercial projects for poverty reduction and promoting development. The IFC's stated aim is to create opportunities for people to escape poverty and achieve better living standards by mobilizing financial resources for private enterprise. It offers an array of debt and equity financing services, helps companies face their risk exposures while refraining from participating in a management capacity and advices to companies on making decisions, evaluating their impact on the environment and society, and being responsible. The corporation is assesse ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joint-stock Company
A joint-stock company (JSC) is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares (certificates of ownership). Shareholders are able to transfer their shares to others without any effects to the continued existence of the company. In modern-day corporate law, the existence of a joint-stock company is often synonymous with incorporation (possession of legal personality separate from shareholders) and limited liability (shareholders are liable for the company's debts only to the value of the money they have invested in the company). Therefore, joint-stock companies are commonly known as corporations or limited companies. Some jurisdictions still provide the possibility of registering joint-stock companies without limited liability. In the United Kingdom and in other countries that have adopted its model of company law, they are known as unlimited ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pristina
Pristina or Prishtina ( , ), . is the capital and largest city of Kosovo. It is the administrative center of the eponymous municipality and District of Pristina, district. In antiquity, the area of Pristina was part of the Dardanian Kingdom. The heritage of the classical era is represented by the settlement of Ulpiana. After the Roman Empire was divided into a western and an eastern half, the area remained within the Byzantine Empire between the 5th and 9th centuries. In the middle of the 9th century, it was ceded to the First Bulgarian Empire, before falling again under Byzantine occupation in the early 11th century and then in the late 11th century to the Second Bulgarian Empire. The growing Kingdom of Serbia (medieval), Kingdom of Serbia annexed the area in the 13th century and it remained under the Serbian Empire in the 14th century up to the start of the Ottoman era (1389–1455). The next centuries would be characterized by Ottoman Empire, Ottoman rule. During this per ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Albanian State Bank
The Bank of Albania () is the central bank of Albania, issuing the Albanian lek. It is headquartered in Tirana, with five branches in Shkodër, Elbasan, Gjirokastër, Korçë and Lushnjë, and a Research and Training Center in Berat. The bank was founded in 1925 in Rome as the National Bank of Albania (, , Albanian acronym BKS or BKSH), replaced in 1945 by the state-owned Albanian State Bank based in Tirana (, BSS or BSHSH), before adopting its current name in 1992. History Background In the first few years following Albania's declaration of independence on 28 December 1912, the fledgling country lacked a central bank, and several attempts to create one were unsuccessful. Under Ismail Qemali's leadership, a first "National Bank of Albania" was created on , whose construct was dominated by foreign banks such as the Austrian Wiener Bankverein and the Banca Commerciale Italiana. The backlash against that foreign domination triggered a revolt in mid-May 1914 against the regime ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Two-tier Banking System
A single-tier banking system is a policy framework under which all credit institutions coexist without distinction about the quality of their liabilities, or in other words, there is no distinction between central bank money and broad money. This setting is generally associated with communist economic systems. An extreme version of single-tier banking system is the monobank system (a term coined by economist George Garvy) in which a single institution centralizes all financial intermediation. The alternative to a single-tier system is a two-tier banking system, in which the central bank is singled out and entrusted with monetary policy, as is presently the case in nearly all of the world's jurisdictions. The move from single-tier to two-tier banking systems has been a key feature of post-communist transitions or, in the case of China, post-Mao economic reform. References to tiering in the banking sector also exist in other contexts. For example, the Hong Kong Monetary Authorit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
