CREDINS Bank is a member of the Kosovo Banking Association
18.12.2020, Pristina
The Kosovo Banking Association has announced through a press release that a new bank has been entered the Kosovo market, CREDINS Bank, which has recently been licensed by the Central Bank of Kosovo and is an official member of the Kosovo Banking Association.
The General Assembly of the Kosovo Banking Association, in its meeting held on November 25, 2020, has approved the full membership for CREDINS Bank Kosova. Consequently, the Kosovo Banking Association now represents 10 commercial banks operating in Kosovo.
The sole shareholder of CREDINS Bank in Kosovo is CREDINS Bank in Albania, which has been operating since 2003 and is one of the leading banks in Albania. CREDINS Bank is the third largest bank in Albania holding 14.4% of the total assets of the country's banking system, according to the data from the Bank of Albania.
The Chief Executive Officer of the Kosovo Banking Association, Mr. Petrit Balija stated that the banking sector in Kosovo continues to be one of the main pillars of the economic development in Kosovo and that this sector has proven stability and resilence over the years by financing businesses and households. On this occasion, Mr. Balija said "We are honored that CREDINS Bank has chosen to expand its operations in Kosovo to serve the citizens and the economy of the country. We welcome the membership of CREDINS Bank in the Association of Banks of Kosovo and we wish them much success in the Kosovo market. CREDINS Bank will have our unstinting support in its new journey to increase the offer of financial services in the banking sector of Kosovo".
While Mr. Selman Lamaj, Managing Director of CREDINS Bank Kosovo, states that: “The vision of CREDINS Bank in Kosovo is to be part of a regional banking network that operates on the commercial principles of performance and sustainability and to be known as the most service Bank good in Kosovo. CREDINS Bank Kosovo's mission is to provide quality customer service and build a business with excellent, active people and values ??that improve the standard of living. CREDINS Bank in Kosovo will be an integrated bank focused on innovation. The strategic goal of the Bank is to be a leader in efficiency and to establish excellent relationships and experiences with customers. "By creating an effective sales strategy, the Bank will offer competitive products and services and create attractive marketing campaigns."
To fulfill its mission, CREDINS Bank in Kosovo has set several strategic objectives such as: building an excellent, motivating and winning culture, designing and implementing flexible procedures, to be a model bank in customer service and experience to increase the customers' perception towards a superior level of service and the creation of loyalty to the bank.
The aim of the bank will be the establishment and development of the bank which will develop its banking activity by offering various services and products dedicated to individuals and businesses in Kosovo, to launch offers dedicated to different groups of customers to be as close as possible to their needs and apply an attractive pricing policy. CREDINS Bank will address an effective sales culture through branch staffs, but also through marketing campaigns focusing on products and digital marketing. CREDINS Bank in Kosovo will be an active participant in the economic and social development of Kosovo, supporting the investment plans of domestic or foreign businesses. Above all, through the addition and expansion of the branch network in Kosovo, it will create spaces for employment and development of new talents, building a corporate culture that promotes their career and potential to build a strong team with talented people.
Also, the growth and good banking practices will have the support of CREDINS Bank in Albania, which is solid in the Albanian banking market operating for 17 years and will ensure that the new bank in Kosovo has a very good adaptation to the market. CREDINS Bank in Albania has 58 branches and ranks first in the market in terms of loan portfolio size and second in total deposits, which shows the reliable relationship that over 300,000 customers have built over the years.
The Kosovo Banking Association was established in 2002 as an organization that serves the purpose of cooperation between the banking sector and state authorities by providing a single platform for joint advocacy, discussion of new initiatives, identification and review of legal and regulatory initiatives, coordination of joint activities for banks as well as capacity building of bank staff.