Tirana, November 18, 2015
Bank of Albania has issued a report on the performance of lending in Albania and in Southeast and Central Europe countries, during the third quarter of 2015. According to the report, lending has followed a similar decreasing trend in all the countries included in the report.
The results of the analysis show that private banks in these Southeast and Central Europe countries have continued to apply restrictive policies for lenders and this has hampered the increase of lending. “Central Europe countries continue to have a low performance of lending, although it continues to grow slightly,” says the report.
The lending portfolio of private banks in Southeast and Central Europe countries increased by 2% during July – August period in annual terms, compared to the same period in 2014. This indicator improved in countries as the Czech Republic and Poland.
Second tier banks which operate as foreign investments in Southeast and Central Europe have continued to provide coercive policies in giving loans to individuals and businesses, says the report.
News source: ATA