Albanian commercial banks' assets increased by 4.6% y/y to ALL 1.3tn (EUR 9.26bn) as of end-October 2013, according to central bank data. The annual growth rate eased down from 5.2% in September and was slower than the 8.9% y/y rise a year ago.
According to IntelliNews calculations, the end-October assets equalled to 90.8% of the projected full-year GDP, down by 1.5pps on the year.
Government securities comprised 29.7% of the total assets.
In monthly terms, the value of bank assets decreased by 0.6% in October, reversing from a 0.5% m/m rise in the previous month.
The Albania’s central bank has announced it will issue a new ALL10,000 (€74.9) banknote. The new ALL10,000 banknote will have the highest value issued so far, as the current biggest value ... more
Albanian Prime Minister Edi Rama presented a new online platform for co-governance with citizens entitled “Albania We Want” on October 28. Ensuring functional and responsible ... more
Albania’s Balfin Group said it will invest over €300mn to build a commercial-residential complex in the Macedonian capital Skopje. Balfin Group is one of the largest regional companies, with a ... more