The Albanian central bank sold ALL 4bn (EUR 28.3mn) in two-year fixed-rate government bonds at an auction on June 18, in line with the initial offer, the bank said on its website.
Investors submitted bids worth ALL 5.3bn providing a 1.3 coverage ratio, down from 1.75 at the previous auction, a month earlier, when the bank also sold the announced volume of ALL 3.5bn. The average yield at the latest auction declined further by 8bps to 6.70%.
The bank, which places state securities on behalf of the government, has sold ALL 23.7bn in two-year fixed-rate bonds since the beginning of 2013, while total lek-denominated bonds amounted to ALL 56.5bn.
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 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
This Southeast Europe Outlook 2024 has been prepared by bne IntelliNews as part of a series of annual reviews providing updates on the geopolitical, macroeconomic and commercial state of ... more