Bank lending in Albania rose 1.7% y/y to ALL 551.6bn (EUR 3.94bn) in February 2013, slowing down for the 14th consecutive month, central bank data showed. The growth was much weaker than the 11% increase registered in same month of 2012. According to IntelliNews calculations, the end-January credit portfolio accounted for 38.5% of the projected full-year GDP. Corporate loans, which accounted for 67% of all extended credits, expanded by 1.5% y/y in February as their growth rate eased from 1.8% y/y in January. The stock of loans extended to households edged down by 0.9% y/y as the drop speeded up from a 0.3% y/y decline in the previous month. Household loans accounted for 26.8% of the total credit portfolio.
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