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Serbo-Albanian bank in Albania 1925-1927

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2006
4356.pdf (103.9Kb)
Authors
Mišić, Saša
Article (Published version)
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Abstract
The Serbo-Albanian Bank was founded at Cetinje in 1922, at the time Yugoslav-Albanian diplomatic relations were established, with the purpose of opening its branch offices in Albania in order to contribute to closer economic relations between the two neighboring countries. The Bank was unable to achieve its goal in the first two years of operation, as it had not obtained the necessary licenses from the Albanian authorities. The branch office in Scutari was opened only in early 1925. Another topical issue at the time was the creation of the Albanian National Bank as the central monetary institution that would function as a regulator of the entire economic life of Albania. Supported by the Yugoslav state, the Serbo-Albanian Bank planned its transformation into an Albanian central bank, but without success. Namely, it was Italian capital that assumed a leading role in the Albanian National Bank founded in September 1925. In spite of this failure, the branch office of the Serbo-Albanian Ba...nk commenced its operations in Albania. Under its roof, it set up the Privileged Trading Agency, and expressed interest in obtaining exploration and excavation concessions for the copper mine in the region of Puka in northern Albania. It was granted the concession by the Albanian government, but failed to set up a copper exploitation company. Facing numerous difficulties, the major of which was lack of the necessary cash for operation and significant business losses in Albania, the branch office was closed in 1927, pursuant to the decision of the Cetinje headquarters.

Source:
Balcanica, 2006, 37, 249-263

DOI: 10.2298/BALC0637249M

ISSN: 0350-7653

[ Google Scholar ]
Handle
https://hdl.handle.net/21.15107/rcub_dais_4245
URI
https://dais.sanu.ac.rs/123456789/4245
Collections
  • Balcanica - Annual of the Institute for Balkan Studies
Institution/Community
Балканолошки институт САНУ / Institute for Balkan Studies SASA
TY  - JOUR
AU  - Mišić, Saša
PY  - 2006
UR  - https://dais.sanu.ac.rs/123456789/4245
AB  - The Serbo-Albanian Bank was founded at Cetinje in 1922, at the time Yugoslav-Albanian diplomatic relations were established, with the purpose of opening its branch offices in Albania in order to contribute to closer economic relations between the two neighboring countries. The Bank was unable to achieve its goal in the first two years of operation, as it had not obtained the necessary licenses from the Albanian authorities. The branch office in Scutari was opened only in early 1925. Another topical issue at the time was the creation of the Albanian National Bank as the central monetary institution that would function as a regulator of the entire economic life of Albania. Supported by the Yugoslav state, the Serbo-Albanian Bank planned its transformation into an Albanian central bank, but without success. Namely, it was Italian capital that assumed a leading role in the Albanian National Bank founded in September 1925. In spite of this failure, the branch office of the Serbo-Albanian Bank commenced its operations in Albania. Under its roof, it set up the Privileged Trading Agency, and expressed interest in obtaining exploration and excavation concessions for the copper mine in the region of Puka in northern Albania. It was granted the concession by the Albanian government, but failed to set up a copper exploitation company. Facing numerous difficulties, the major of which was lack of the necessary cash for operation and significant business losses in Albania, the branch office was closed in 1927, pursuant to the decision of the Cetinje headquarters.
T2  - Balcanica
T1  - Serbo-Albanian bank in Albania 1925-1927
SP  - 249
EP  - 263
IS  - 37
DO  - 10.2298/BALC0637249M
UR  - https://hdl.handle.net/21.15107/rcub_dais_4245
ER  - 
@article{
author = "Mišić, Saša",
year = "2006",
abstract = "The Serbo-Albanian Bank was founded at Cetinje in 1922, at the time Yugoslav-Albanian diplomatic relations were established, with the purpose of opening its branch offices in Albania in order to contribute to closer economic relations between the two neighboring countries. The Bank was unable to achieve its goal in the first two years of operation, as it had not obtained the necessary licenses from the Albanian authorities. The branch office in Scutari was opened only in early 1925. Another topical issue at the time was the creation of the Albanian National Bank as the central monetary institution that would function as a regulator of the entire economic life of Albania. Supported by the Yugoslav state, the Serbo-Albanian Bank planned its transformation into an Albanian central bank, but without success. Namely, it was Italian capital that assumed a leading role in the Albanian National Bank founded in September 1925. In spite of this failure, the branch office of the Serbo-Albanian Bank commenced its operations in Albania. Under its roof, it set up the Privileged Trading Agency, and expressed interest in obtaining exploration and excavation concessions for the copper mine in the region of Puka in northern Albania. It was granted the concession by the Albanian government, but failed to set up a copper exploitation company. Facing numerous difficulties, the major of which was lack of the necessary cash for operation and significant business losses in Albania, the branch office was closed in 1927, pursuant to the decision of the Cetinje headquarters.",
journal = "Balcanica",
title = "Serbo-Albanian bank in Albania 1925-1927",
pages = "249-263",
number = "37",
doi = "10.2298/BALC0637249M",
url = "https://hdl.handle.net/21.15107/rcub_dais_4245"
}
Mišić, S.. (2006). Serbo-Albanian bank in Albania 1925-1927. in Balcanica(37), 249-263.
https://doi.org/10.2298/BALC0637249M
https://hdl.handle.net/21.15107/rcub_dais_4245
Mišić S. Serbo-Albanian bank in Albania 1925-1927. in Balcanica. 2006;(37):249-263.
doi:10.2298/BALC0637249M
https://hdl.handle.net/21.15107/rcub_dais_4245 .
Mišić, Saša, "Serbo-Albanian bank in Albania 1925-1927" in Balcanica, no. 37 (2006):249-263,
https://doi.org/10.2298/BALC0637249M .,
https://hdl.handle.net/21.15107/rcub_dais_4245 .

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