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.

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