Share of non-performing loans in Albania continues to rise in Feb 2012.

By bne IntelliNews April 5, 2012
The share of non-performing loans in Albania increased by a monthly 0.2pps to 19% in February, according to data of the Albanian Association of Banks. In annual terms, the share of bad loans expanded by 4.6pps, accounting to ALL 106.9bn (EUR 763.4mn) at end-February. The loans, classified as loss, had a combined value of ALL 33.9bn, up by 1.4% m/m and by 60% y/y. The supervisory board of the central bank decided at its last meeting on March 28 to cut the base interest rate by 0.25pps to a new historic low of 4.25%. The move aims to help local commercial banks to improve the quality of their credit portfolios in the next few months.

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