Albanian bank lending growth eases to 2.1% y/y in Jan 2013.

By bne IntelliNews March 1, 2013
Bank lending in Albania rose 2.1% y/y to ALL 551.4bn (EUR 3.95bn) in January 2013, slowing down for the 13th consecutive month, central bank data showed. The growth was much weaker than the 11.7% increase registered in same month of 2012. According to IntelliNews calculations, the end-January credit portfolio accounted for 41% of the projected full-year GDP. Corporate loans, which accounted for 66.9% of all extended credits, expanded by 1.8% y/y in January as their growth rate remained unchanged from the previous month. The stock of loans extended to households edged down by 0.3% y/y reversing from a 0.5% y/y increase in the previous month. Household loans accounted for 26.9% of the total credit portfolio.

Albanian bank lending growth eases to 2.1% y/y in Jan 2013.

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