Created byAnna Mileiko
Tirana Bank S.A. was established in September 1996 and became the first privately owned bank in Albania. In August 2018, Piraeus Bank Group (Greece) agreed to sell Tirana Bank S.A. to BALFIN Group (Albania), active in real estate, wholesale and retail, banking, asset management, tourism, education, and logistics.
Tirana Bank S.A. operates as a universal bank offering a wide range of products and services in retail, SME, business and corporate banking that respond the demands of its customers. The bank attends its customers via32 branches and has68 ATMs throughout the country.
| Balfin Group | 100.00% |  Albania |
In 2023, Tirana Bank S.A. achieved the position of7th largest bank in Albania with a market share of6.62%; its total assetsgrew by13.60%.
Additionally, the bank became the6th profitable bank in relation to its total assets showcasing1.57% return on assets and16.96% return on equity in 2023.
Also the lender held the7th position regarging its loans-to-deposits (L/D) registering52.64% L/D ratio in 2023.
ALL (Albanian lek)
EUR (Euro)
USD (US dollar)
GBP (Pound sterling)
CHF (Swiss franc)
Tirana Bank S.A. ranks as the7th largest bank in Albania by total assets. In 2023 its total assets were 130.30 bln ALL, representing a 6.62% market share. In 2023 the bank's net income was 1,920.00 mln ALL. As of 2023, the bank employed 508 people.
Tirana Bank S.A. protects deposits up toup to 2,500,000 ALL per depositor through Albania's deposit guarantee scheme. The scheme applies to deposit accounts made by natural persons. The bank participates in theAlbanian Deposit Insurance Agency (ADIA), making regular contributions into it.
Street, Tirana, Albania
2269 616
2233 417Tirana Bank S.A. is headquartered in Tirana.
ALLEURUSDGBPCHFVisaTirana Bank S.A. provides products and services in the areas of retail banking, SME banking, business banking. Tirana Bank S.A. offers a range of products including current accounts, savings accounts, time deposit accounts, credit cards, debit cards, housing loans, mortgage loans, freelancer loans, consumer loans, student loans, overdraft loans.
In 2023total assets of Tirana Bank S.A. were 130.30 bln ALL. Growth compared to the previous period (2022) was 13.60%. The evolution of the total assets of Tirana Bank S.A. is shown at Chart 1 below.
Chart 1. Total Assets of Tirana Bank S.A..
Recent changes intotal assets of Tirana Bank S.A. and its main components are shown in Table 1.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Loans | 52.7 | 56.4 | +6.94% |
| Total Assets | 114.7 | 130.3 | +13.60% |
Table 1. Recent changes in total assets of Tirana Bank S.A. (bln ALL).
Recent changes intotal liabilities of Tirana Bank S.A. and its main components are shown in Table 2.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Deposits | 97.7 | 107.1 | +9.64% |
| Total Liabilities | 114.7 | 130.3 | +13.60% |
Table 2. Recent changes in total liabilities of Tirana Bank S.A. (bln ALL).
In 2023net income of Tirana Bank S.A. was 1,920.00 mln ALL. Growth compared to the previous period (2022) was 82.64%. The evolution of the net income of Tirana Bank S.A. is shown at Chart 2 below.
Chart 2. Net Income of Tirana Bank S.A..
In 2023 there were 508employees of Tirana Bank S.A.. Growth compared to the previous period (2022) was 10.43%. The evolution of the number of employees of Tirana Bank S.A. is shown at Chart 3 below.
Chart 3. Number of Employees of Tirana Bank S.A..
In 2023 Tirana Bank S.A. had 68ATMs in Albania. Decline compared to the previous period (2022) was -4.23%.
In 2023 Tirana Bank S.A. had 32branches in Albania. Decline compared to the previous period (2022) was -3.03%.
In 2023 Tirana Bank S.A. was ranked the 7th largest bank in Albaniain terms of total assets, having 6.62% of the domestic market share. Tirana Bank S.A. also became # 5 in terms of loans (market share - 7.85%), # 6 in terms of deposits (market share - 6.50%).
Chart 4. Market share of Tirana Bank S.A. (among banks in Albania)
Historical changes in Tirana Bank S.A.'s domestic rank and market share over 2019-2023 are shown below:
| Year | Rank | Market % |
|---|---|---|
| 2023 | 7 | 6.62 % |
| 2022 | 7 | 6.14 % |
| 2021 | 7 | 5.46 % |
| 2020 | 7 | 5.30 % |
| 2019 | 8 | 5.10 % |
TheBanks.eu identified several banks banks having the market shares and ranks closest to Tirana Bank S.A. listed below.
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 6 |  | 6.65% | 130.94 bln ALL (+12.62%) |
| 7 | | 6.62% | 130.30 bln ALL (+13.60%) |
| 8 |  | 5.02% | 98,890.96 mln ALL (+7.66%) |
Discover key identifiers ofTirana Bank S.A.including itsBIC,LEI,company number.
BIC: TIRBALTR
TheBIC (also known as SWIFT code) for Tirana Bank S.A. isTIRBALTR. It is used in financial transactions likecross-border andSEPA payments, and helps identify the bank in global banking systems.
| Key | Value |
|---|---|
| BIC | TIRBALTR |
| Bank BIC Code | TIRB |
| Country Code | AL (Albania) |
| Location Code | TR |
| Branch Code | - |
LEI: 549300IFNRGFQ9CEBJ02
Tirana Bank S.A.’sLEI is549300IFNRGFQ9CEBJ02. This code is critical for verifying the institutions’s legal identity in financial markets and is used for regulatory reporting and risk management.
| Key | Value |
|---|---|
| LEI | 549300IFNRGFQ9CEBJ02 |
| LOU Identifier | 5493 |
| Reserved | 00 |
| Entity Identifier | IFNRGFQ9CEBJ |
| Verification ID | 02 |
Company Registration Number: J61924008V
Tirana Bank S.A. is registered in Albania under company numberJ61924008V. In Albania,Company Registration Number (Unique Identification Number - NUIS) is assigned automatically when registering a company in the National Business Center (QKB - Qendra Kombetare e Biznesit). NUISes can be used to get information about the company from the National Business Center.
| Key | Value |
|---|---|
| Company Number | J61924008V |
TheBanks.eu identified several banks similar to Tirana Bank S.A. based on various criteria, including:
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