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New Albanian-owned investment fund breaks Raiffeisen’s monopoly

3 mins read
10 years ago
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TIRANA, Nov. 21 – The launch of a new investment fund is expected to give a new boost to this emerging market which has considerably slowed down in the past couple of years due to a sharp decline in government security yields waning investor interest. The launch in August 2016 of Credins Premium, a new investment fund whose majority stake is held by Albanian-owned Credins bank, currently the country’s third largest lender, is also expected to break the monopoly held in this market by Raiffeisen Bank, the country’s traditional largest lender. Raiffeisen which has recently been overtaken by Turkish-owned BKT…

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