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.

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