OTP Albania Bank announced the opening of its newest branch in Tirana as part of its ambitious expansion plan to reach and serve more customers and expand business activity.
The new branch, located on the first floor of the Avel Business Center on the Highway, brings OTP Bank closer to the growing business community in the area.
This is the 36th branch of OTP Albania Bank in Albania and is the first to bring the innovation of the OTP Brand applied in the network and for this it carries a special value.
To share with the public the emotion of the success of a beautifully done job, the executives of OTP Albania Bank and esteemed friends of the Bank joined on October 10 with the Albanian business partners in Tirana in a warm ceremony thus inaugurating the opening of new branch.
The new branch offers a welcoming environment with innovative features created to enhance the customer experience. There are several meeting spaces for clients so that the service is within the requirements of the clients themselves and conforming to the standard of time and the OTP Group. A 24-hour ATM is available to customers in a very comfortable and secure environment.
“The most important reason for opening this new branch in this position, is to better serve our customers, especially those in business. We have been cooperating with some of you for years, with some others the cooperation has just begun. “With all of you, our motto has been to see our customers as partners and to have a long-term vision for our relationship,” said Mr. Bledar Shella, General Director of OTP Albania Bank.
“Since its arrival, the OTP Group has clearly expressed its ambitions to be one of the leading banks in the country and gradually become the largest bank in Albania. This will be achieved both by internal organic growth and by possible acquisitions of other banks if opportunities arise. One of the important points of our ambitions to grow and develop further is the opening of new branches, where in one of them we are today. ”
The results of the third quarter of the year also strengthen the strategy of OTP Bank Albania for expansion and development. Total outstanding loans for the period was 459.25 M EUR, estimated with an increase of 8.22% compared to December 2018, while the market share increased by 36 basis points reaching 10.31%. The bank’s net profit has been at very good levels, reaching 10 million EURO for the first 9 months of the year. Meanwhile, the return on ROE capital has reached 21.3%, being the highest rate in the Albanian banking system for this period.
OTP Albania Bank will open other branches within the month as part of the expansion strategy and will continue to do so next year. As part of improving the customer experience, the Bank plans to renovate and expand all its branches by applying Brandin OTP and modern infrastructure.
OTP Bank, as a very important player in the banking industry in Central and Eastern Europe, offers a wide range of banking products and services to more than 18.5 million individual and corporate clients. It operates in 12 countries around the world through a network of 1500 branches, its financial agents, 3900 ATMs, internet and its electronic channels. Founded since 1949, the company has developed to be today a banking group providing universal financial services.
In recent years, OTP Bank has completed several successful acquisitions, becoming a major player in the region. In addition to Hungary, upon entering Albania, OTP Bank currently operates in 11 other countries through its subsidiaries in: Bulgaria, Croatia, Romania, Serbia, Slovakia, Ukraine, Montenegro, Moldova, Slovenia and Russia.
