Intesa Sanpaolo Bank (Albania)

[1] ABA was established in September 1998, by the Albanian-American Enterprise Fund (AAEF) a private investment fund established by the United States government under the SEED Act of 1989, to assist Albania in its transition to a market economy.

The agreement was finalized on 29 June 2007, when ABA officially became a bank of Intesa Sanpaolo Group.

[citation needed] Banca Italo-Albanese was established in July 1993 as one of the first private banks in Albania.

It was established as a joint venture between the National Commercial Bank of Albania (shares were transferred to Ministry of Finance) and the Italian Banca di Roma.

On 7 December 2005, Sanpaolo IMI signed the agreement for the acquisition of a stake of 80% in Banca Italo Albanese, from Capitalia and the Ministry of Finance (40% each).