Lending in the Albania currency increased during the second quarter of this year, according to a Bank of Albania report. Based on official figures, lending increased by 7.5% in the second quarter, in annual terms .
The positive trend has reflected an increase of loans taken in the Albanian currency to 42.5% of the total, increasing by 2.5 points of percentage compared to May of last year. Moreover, the report says lending in foreign currency decreased slightly by 0.7% in annual terms. This has come due to the risk that the currency exchange poses to lending, which means businesses and individuals have become aware of the riskiness.
The increase of lending in the Albanian currency has been affected also by the reduction of the difference of interest rates of loans taken in Albanian and Euro currencies. Latest trends show that businesses and individuals prefer lending in the Albanian currency.
News source: ATA
Photo credits: FutUndBeidl (Flickr)
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