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Loans for SME Up by 9% in Q2 of 2019
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Loans for SME Up by 9% in Q2 of 2019

TIRANA, August 19 The rise of the loans for the business is based mainly in the sector of small to medium enterprises. According to data by the Bank of Albania, the credit in this segment was increased by Lek4.5 billion, during the second half of 2019. Excluding the effect of the deleted credits and currency...

Housing Loan Trend to Watch For in 2019
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Housing Loan Trend to Watch For in 2019

TIRANA, August 14 The individuals have received around €100 million credits for their houses in the first half of 2019. According to data by the Bank of Albania, housing loan is in increase even this year. Between January-June 2019, the banking system has given Lek12.3 billion new credits for this purpose. Compared to the first...

Albanians Prefer this Currency for their Savings, over Lek
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Albanians Prefer this Currency for their Savings, over Lek

TIRANA, July 31 The Albanian economy seems it is growing the ability to create savings. According to data, based on the latest report published by the Bank of Albania, from January-June 2019, the total savings of businesses and Albanian families, reached the value of Lek994 billion. An increase of 2% compared to the same period...

Large Businesses in Difficulty, Rise of Bad Credits
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Large Businesses in Difficulty, Rise of Bad Credits

TIRANA, July 22 Businesses are doing their activities in a hard environment, because of the uncertainties that are coming from the politic developments in the country and the signals not really good about the economic growth referring to the expectations. For this reason, the paying capacity of the businesses has worsened in the second trimester...

BA: Trust of Businesses Increased by 2.8% in the Q2 of 2019
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BA: Trust of Businesses Increased by 2.8% in the Q2 of 2019

TIRANA, July 9 Tourism is one of the sectors of the economy that is generating more income each year, with all its services (hotels, restaurants, resorts, etc.), thus increasing the trust of businesses and consumers.  Bank of Albania has published yesterday, June 8 the indicators of trust in the economy, where it shows that the...

New Series of Banknotes in Release This Fall
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New Series of Banknotes in Release This Fall

TIRANA, July 3 In the fall of this year, the Bank of Albania will release in circulation the new series of banknotes, and the first ones will be for the cuts of 200 and 5.000 Leke (the Albanian currency). Gradually the new series will include all of the banknotes in use. Virjon Lalollari, the Chief...