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Nov 23, 2017 18:28 EEST
November 23 (SeeNews) - Albania's central bank said it has granted preliminary approval to UK-based company Amryta Capital LLP to acquire 14.9% shareholding interest in Credins Bank.
Credins was Albania's third largest bank in terms of assets in June, according to central bank data.
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Amryta Capital will enter Credins Bank's shareholding structure through the purchase of 100% of the shares held by Dutch-based Balkan Financial Sector Equity (BFSE) B.V for an undisclosed sum, the central bank said on Wednesday following a meeting of its supervisory board.
Several phone calls to the Bank of Albania seeking further details went unanswered on Thursday.
Credins Bank is owned mainly by Albanian shareholders. Renis Tershana is the biggest shareholder with a stake of 27.32% and the Swiss Investment Fund for Emerging Markets owns 2.33%, according to information posted on the website of the bank.
A total of 16 banks operated in Albania at end-June.
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