{"id":2752,"date":"2022-02-02T12:59:09","date_gmt":"2022-02-02T11:59:09","guid":{"rendered":"https:\/\/new.uba.com.al\/business\/?page_id=2752"},"modified":"2025-07-17T11:01:05","modified_gmt":"2025-07-17T09:01:05","slug":"about-uba","status":"publish","type":"page","link":"https:\/\/uba.com.al\/business\/about-uba\/","title":{"rendered":"About UBA"},"content":{"rendered":"

[vc_row el_class=”gradient-img” css=”.vc_custom_1649327731320{background-image: url(https:\/\/uba.com.al\/business\/wp-content\/uploads\/sites\/2\/2022\/04\/About-US-Baner-Kryesor-1.jpg?id=3532) !important;background-position: 0 0 !important;background-repeat: no-repeat !important;}”][vc_column width=”2\/3″ css=”.vc_custom_1644230127120{padding-top: 160px !important;padding-right: 70px !important;padding-bottom: 160px !important;}” el_class=”no-padding” el_id=”myrow” offset=”vc_col-xs-12″][vc_empty_space height=”200px”][\/vc_column][vc_column width=”1\/3″][\/vc_column][\/vc_row][vc_row equal_height=”yes” el_class=”buttons-container”][vc_column width=”1\/3″ css=”.vc_custom_1644242420280{padding-top: 20px !important;padding-right: 0px !important;padding-left: 0px !important;background-color: #ffffff !important;}” el_class=”radius-left” offset=”vc_hidden-xs”][vc_btn title=”ABOUT US” align=”center” css=”.vc_custom_1642751192856{border-right-width: 1px !important;border-right-color: #dde6e1 !important;border-right-style: solid !important;}” link=”url:%23section1″ el_class=”default-btn”][\/vc_column][vc_column width=”1\/3″ css=”.vc_custom_1644242429780{padding-top: 20px !important;padding-right: 0px !important;padding-left: 0px !important;background-color: #ffffff !important;}” offset=”vc_hidden-xs”][vc_btn title=”GOVERNANCE & LEADERSHIP” align=”center” css=”.vc_custom_1642757577603{border-right-width: 1px !important;border-right-color: #dde6e1 !important;border-right-style: solid !important;}” link=”url:%23section3″ el_class=”default-btn”][\/vc_column][vc_column width=”1\/3″ css=”.vc_custom_1644242438305{padding-top: 20px !important;padding-right: 0px !important;padding-left: 0px !important;background-color: #ffffff !important;}” el_class=”radius-right” offset=”vc_hidden-xs”][vc_btn title=”CONTACT US” align=”center” css=”.vc_custom_1752742859000{border-right-width: 1px !important;border-right-style: solid !important;border-color: #fafafa !important;}” link=”url:https%3A%2F%2Fuba.com.al%2Fbusiness%2Fcontact-form%2F” el_class=”default-btn”][\/vc_column][\/vc_row][vc_row css=”.vc_custom_1642751301817{padding-top: 100px !important;padding-bottom: 100px !important;}” el_id=”section1″][vc_column][vc_row_inner css=”.vc_custom_1642154349295{margin-bottom: 0px !important;}”][vc_column_inner][vc_column_text css=”.vc_custom_1645538750234{margin-bottom: 10px !important;padding-top: 0px !important;padding-right: 50px !important;}”]<\/p>\n

Who we are<\/span><\/p>\n

[\/vc_column_text][vc_column_text css=”.vc_custom_1703319210598{margin-bottom: 25px !important;}”]The United Bank of Albania offers a unique experience to customers, helping in creating deposits and savings for the families\u2019 future, in the purchase of housing as well as in the development of businesses.[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row equal_height=”yes” css=”.vc_custom_1642754963856{background-color: #ffffff !important;}”][vc_column width=”1\/2″][vc_column_text css=”.vc_custom_1645091340289{margin-bottom: 10px !important;padding-top: 50px !important;padding-right: 50px !important;}”]<\/p>\n

About Us<\/span><\/p>\n

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We would like to be recognized by the market for the digital experience, ability to promptly accommodate the ever-changing customer needs but primarily we want to be identified as a provider of financial services consistent with our belief system.<\/span><\/p>\n

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The majority shareholder of the United Bank of Albania is Eurosig Sh.a. with 99.16% of shares.<\/p>\n

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Eurosig Sh.A.<\/a>, is a reputable insurance operator covering Albania with 25 branches and over 230 agencies. Its operations are regulated by the Law on the Activity Insurance, Re-Insurance and Intermediary in Insurance and Re-Insurance, amended, and other legal and normative acts, and under the supervision of the Albanian Financial Supervisory Authority (AFSA).<\/span><\/p>\n

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United Bank of Albania is registered as a juridical person with the Decision No. 4315 date 13.05.1993 of Tirana District Court. Licensed by the Bank of Albania with the License No. 03 date 11.01.1999 \u201cTo operate as a bank in the Republic of Albania\u201d.<\/span><\/p>\n

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Islamic Banking<\/span><\/p>\n

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Islamic banking has unique financial instruments and investment policies. Islamic banks do not finance projects that could harm individuals, society, environment, and the well-being of future generations. Consequently, Islamic banking is highly aligned with the spirit of the United Nations\u2019 Sustainable Development Goals, making it attractive not only to Muslims but to all who use an ethical approach in their investment decision-making process.<\/span><\/p>\n

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There is solid evidence that various cultures, religions, and schools of thought criticize usury and lending with interest. The reasons for such negative opinions could be of divine, ethical and economic nature. In Islam, any type of exploitation including interest-based lending is condemned and should be avoided. Interest can be defined as a predetermined fee to be paid by the borrower to the lender as compensation for the borrowed funds. The amount of the fee is directly correlated to the amount of borrowed funds and the length of the repayment period. So, any lending transaction that earns interest from an Islamic perspective is problematic.<\/span><\/p>\n

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Due to this sentiment during the last century, scholars and finance practitioners in predominantly Muslim countries strove to design banking models that would serve the contemporary financial needs of individuals and businesses while upholding religious values. They needed to construct a model where capital would be mobilized and allocated in society while earning profits but not an interest. The financial instruments that are incorporated in the Islamic banking model were derived from prophetic practices that date back to 14 centuries ago<\/strong>. These financial instruments are mostly based on partnership principles but also include deferred sales, leasing, agency, and project financing. <\/span><\/p>\n

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Even though the Islamic banking industry is relatively new, there are more than 1400 Islamic financial institutions globally. Islamic banking represents one of the fastest-growing banking branches with an average of 17.6%<\/strong> annual growth. However, it is still a marginal phenomenon since it makes up only 0.7%<\/strong> of total world assets with a total value of assets equivalent to $3 trillion<\/strong>.<\/span><\/p>\n

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To find more about Islamic Banking, United Bank of Albania has sponsored translation of famous book titled Introduction to Islamic Finance by Muhamed T. Usmani which can be downloaded below. <\/span><\/p>\n

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Leadership<\/span><\/p>\n

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United Bank of Albania (UBA Bank) is managed by its Governing Council and the General Directorate located in the headquarters in Tirana, Albania.<\/p>\n

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