Albania's bank lending growth speeds up to 0.9% y/y in June 2013.

By bne IntelliNews July 31, 2013

Bank lending in Albania expanded by 0.9% y/y to ALL 557.5bn (EUR 3.98bn) in June 2013, speeding up from a 0.3% y/y growth in the previous month, central bank data showed.

The growth rate accelerated for the first month since December 2011 and yet it was weaker than the 9.4% increase registered in same month of 2012.

According to IntelliNews calculations, the end-June credit portfolio accounted for 39% of the projected full-year GDP, down by 2.1pps in annual comparison.

Corporate loans, which accounted for 66.7% of all extended credits, declined by 0.5% y/y in June. The stock of loans extended to households increased by 2.5% y/y, speeding up from a 0.8% y/y rise in the previous month. Household loans accounted for 27.3% of the total credit portfolio.

 

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