Albanian bank assets rise 4.5% y/y at end-July 2013.

By bne IntelliNews September 2, 2013

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.

Related Articles

Albanian opposition Democrats re-elect party leader despite disastrous election defeat

Albania’s opposition Democratic Party (DP) re-elected Lulzim Basha as party leader for another four-year mandate on July 22, despite the catastrophic general election defeat in June. Basha, 43, ... more

Albanian PM says new government to get rid of “parasites” in administration

Dismissing "parasites" in the public administration will be the priority of the Socialist-led government during its second mandate, Albanian Prime Minister Edi Rama has said, ... more

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

Dismiss