Albania’s foreign debt edges up 0.5% q/q in Q4 2013.

By bne IntelliNews April 2, 2014

Albania’s gross external debt widened by 0.5% q/q to EUR 5.692bn as of end-2013, central bank data showed. In our calculations, the debt accounted for 58.3% of the full-year GDP projection, down from 58.7% a year earlier.

The quarterly increase in the foreign debt was largely due to a 3.8% q/q rise to EUR 1.08bn of the liabilities of the corporate sector. However, its share in the overall foreign debt dropped by 0.8pps q/q to 19%% at end-2013. In addition, direct investment advanced by 1.8% y/y to EUR 1.12bn.

The foreign debt of the banking sectors increased only marginally, by 0.2% q/q to EUR 1.11bn. Within this sector, the liabilities in deposits picked up by 3.6% q/q to EUR 1.01bn, which was partly offset by a 26.7% q/q decline in loans to EUR 74mn as end-2013.

The foreign debt of the general government sector decreased by 1.2% q/q to EUR 2.3bn as the outstanding amount of long-term loans decreased by 1.3% q/q to EUR 2.07bn.

In annual comparison, Albania’s gross external debt grew 3.2% at end-2013, reflecting a strong 10.1% y/y expansion in direct investment and a 3.5% y/y increase in the debt of the general government sector.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

EIF signs guarantee agreements with 11 banks in Western Balkans, unlocking €750mn for small businesses

The European Investment Fund (EIF), part of the EIB Group, said on April 15 that it has signed guarantee agreements with 11 banks and financial intermediaries in the Western Balkans. These ... more

EIB surpasses investment milestone in the Western Balkans by investing €1.2bn in 2023

EIB Global, the financial arm of the European Investment Bank (EIB) for activities beyond the EU, set a new record by investing €1.2bn in the Western Balkans in 2023, the EIB said on February 9. ... ... more

Albanian banks’ profits reach ALL28bn in 2023

Albanian banks reported profits of ALL28.5bn (€271.7bn) in 2023, according to data from the Albanian Association of Banks. All banks in the country reported a profit for the year.  The most ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    8 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Don't mention the "D" word - Ukraine
    6 days ago
  4. The 'wet-bulb' set to kill hundreds of thousands of people if temperatures and humidity levels continue to rise
    3 days ago
  5. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    9 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    26 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    1 month ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    29 days ago
  5. Saudi Arabia to scale back plans for Neom city
    16 days ago

Reports

Dismiss