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.
The European Investment Fund (EIF), part of the EIB Group, said on April 15 that it has signed guarantee agreements with 11 banks and financial intermediaries in the Western Balkans. These ... more
EIB Global, the financial arm of the European Investment Bank (EIB) for activities beyond the EU, set a new record by investing €1.2bn in the Western Balkans in 2023, the EIB said on February 9. ... ... more
Albanian banks reported profits of ALL28.5bn (€271.7bn) in 2023, according to data from the Albanian Association of Banks. All banks in the country reported a profit for the year. The most ... more