The economic growth noticed recently and the improvement of the liquidity position in the market, has affected in the increase of demand for loans by businesses, during August. Bank of Albania’s official report for August, shows that the increase of loans quadrupled compared to July figures. The loans amount reached the amount of 557 bl ALL in August, increasing by over 6 bl ALL compared to July.
The recovery of lending has come also due to the beneficiary banks’ offers to businesses. This has come as a result of the stabilization of non performing loans, the increase of gaining and the improvement of lending policies. On August, the increase of lending followed the increase of deposts, the latter one increased by 4.5 bl ALL.
The amount of deposists has increased by 1.5% during this year, announced Bank of Albania. The report of loans and deposists is at low levels at about 57.8%, a figure that shows the stable liquidity position and the opportunities to increase lending in the upcoming months.
News source: ATA
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