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.
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