Union of SCAs Jehona three year term objectives

Tirana, December 28, 2015

The Union of Saving and Credit Associations (SCAs) Jehona has held the Special Assembly works at which the head of the Union Elvana Sharkaj shared the objectives of the institution for the three upcoming years. According to Sharkaj, in the two past years the Union of SCAs Jehona has registered positive results, this shown by the increase of the financial indicators.

Currently, the Union of SCAs has 13 804 members, the lending portfolio is ALL 769,435,847 while the portfolio of deposits is ALL 621,827,160. Sharkaj declared that the Union has made a three year work plan based on the above mentioned data and according to her is expected that within the next three years the number of members to increase to 20 thousand while the stocks to have a value of ALL 1.2 billion.

Present in the Assembly were Bank of Albania representatives who confirmed the support of the Bank for the Union for the further development of Saving and Credit Associations in Albania. The head of the Union stressed that the objective of this institution for the next three years is the diversification and the expansion of financial services.

News source/photo credits: ATA