The total stock of assets held by Albanian commercial banks increased by 4.5% y/y to ALL 1,27bn (EUR 9.1bn) at end-July 2013, according to central bank data. The annual growth rate slowed down from 5.2% in June and was weaker than the 11.7% y/y rise in July 2012.
According to IntelliNews calculations, the end-July assets equalled to 88.7% of the projected full-year GDP, down by 2.5pps on the year.
Government securities comprised 30.3% of the total assets.
In monthly terms, the value of bank assets edged down by 0.1% in July, reversing from a 0.4% m/m rise in June.
Albanian Prime Minister Edi Rama will have to change his sartorial ways when he attends parliament sessions under a new code of conduct for MPs drawn up by the governing Socialist Party. The ... more
The US ambassador in Albania Donald Lu has urged the authorities in Tirana to fight against organised crime, which he said was the biggest and most difficult challenge ahead for the country. ... more
Albanian opposition parties have asked for a referendum to be held to end a six-year debate on whether the country should permit waste imports. The ... more