Global Finance magazine has announced its 28th annual awards for the Best Banks in Central and Eastern Europe for 2021. In the press release Global Finance magazine states that the winners of this year’s awards are those banks that attended carefully to their customers’ needs in difficult markets and accomplished better results while laying the foundations for future success.
“Banks are playing a key role in economic recovery around the world. Our Best Bank awards highlight the leaders in restoring growth and mapping a way forward,” said Joseph D. Giarraputo, publisher and editorial director of Global Finance. “This year’s evaluations are more important and valuable than at any point in their 28-year history, given the unprecedented economic conditions wrought by the global pandemic.”
In selecting these top banks, Global Finance considered factors that ranged from the quantitative objective to the informed subjective. Objective criteria considered included: growth in assets, profitability, geographic reach, strategic relationships, new business development and innovation in products. Subjective criteria included the opinions of equity analysts, credit rating analysts, banking consultants and others involved in the industry.
During the awards ceremony for the Best Banks in Central and Eastern Europe for 2021, Global Finance awards Banka Kombetare Tregtare as “The Best Bank in Albania for 2021”.
Founded in 1925, BKT is the largest and oldest commercial bank in Albania. With a total asset value of $ 4.9 billion and total deposits of $ 3.9 billion, BKT serves its customers through a network of 92 branches, of which 64 are located in Albania and 28 in Kosovo.