Stress tests show Albanian banks are resilient to macroeconomic shocks.

By bne IntelliNews December 12, 2011
The central banks stress tests have shown that Albanian banking system is resilient to adverse macroeconomic shocks, Mapo daily reported. The unfavourable macroeconomic developments will result in a deterioration of the banks loan portfolio quality, in higher spending on provisions and in a profit and capital adequacy decrease. The resistance test has been performed under the assumption for 20% depreciation of Albanian lek against the euro, an annual growth of market interest rates by 2pps, a slowdown in annual lending growth to 9% y/y in 2012 and a GDP growth of 2.4% in 2012. The central bank said local lenders should strengthen their capital positions.

Related Articles

Albania calls tender for supervision of sewerage project.

Albania has called a tender to select a company to supervise the construction and supplies for a sewerage system and waste water treatment plant in Velipoja area, the European Commission informed ... more

Albania's govt approves changes in concession agreement for Devoll project.

The Albanian government has approved changes in the concessionary agreement for the Devoll Hydropower cascade, which formally enables Austrian EVN to exit from the project, the cabinets press ... more

Albanian parliament panel endorses EUR 12.7mn EBRD loan for dam safety project.

The economy and finance committee of Albanias Parliament has approved a EUR 12.7mn loan from the European Bank for Reconstruction and Development (EBRD) to be used to fund a project for upgrading ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss