BKT reconfirmed as Bank of the Year

TIRANA, Dec. 1 – Turkish owned Banka Komb쵡re Tregtare (BKT), the second biggest bank in Albania, has been named for the second year in a row as “Bank of the Year- 2011 for Albania” by The Banker, the banking sector’s magazine of the Financial Times.
“Being awarded Bank of the Year 2011 for Albania, in our 86th anniversary is very significant. We showed a consistently high and profitable performance during 2011 reaching a Return on Assets of 23%,” said Chairman of the Board, Mehmet Usta. “More importantly, the bank’s high profitability has been accompanied by an increased market share in total assets that stands at an all-time high of 17.24% in a market where almost all banks belong to foreign banking groups.”
BKT, which recently celebrated its 86th anniversary, is the second largest and the oldest commercial bank in Albania with a total of 1.9 billion USD in assets and 1.6 billion of USD in deposits. BKT network includes 82 branches out of which 60 are situated in Albania and 22 of them in Kosovo, making BKT the biggest Albanian bank in the region. BKT has been continuously awarded as the Best Bank in Albania reaching lately the evaluation as “Best Bank for 2010 in Albania” by the both prestigious magazines “The Banker” and EMEA Finance. Deutsche Bank also awarded BKT lately with the “2010 Straight-Through-Processing (STP) Excellence Award”. BKT is the only bank that has been reaffirmed for the third year in a row by JCR-Eurasia Rating with AAA(Alb).