Overview

Established in April 2001, CREDINS is the first private Albanian non bank financial institution to offer a wide range of services in the domestic market.

The initiators and the main driving force of this venture are a group of experienced Albanian bankers. It all started about three years ago when after long discussions within a small group, the idea was developed and those who would become the main shareholders were contacted and convinced.

A characteristic of this company is that the licensing from the Bank of Albania doesn’t presume the status and operations of a traditional banking institution. Instead, all the operations and activity are wholly financed through the shareholders’ equity.

CREDINS is a joint stock company whose main shareholders are some of the successful private Albanian businessmen over the 10 years of the development of the market economy in Albania. The initial paid-up capital amounts to USD 5.59 million, which is fully paid.

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Credins Profile:

- Overview

- The legal framework