Tag: Bank of Albania

Home Bank of Albania
Revival of Consumption in Non-durable Goods Affects Economy
Post

Revival of Consumption in Non-durable Goods Affects Economy

TIRANA, August 27 The consumer loans are increasing at satisfactory rates, in 2019. According to data by the Bank of Albania, at the end of June 2019, the portfolio of consumer loans reached the value of Lek48.4 billion, or around €400 million. Compared to a year ago, loans for individuals were raised by 5.5%. The...

New Milestone in Visitors’ Arrivals on Jan-Jul 2019
Post

New Milestone in Visitors’ Arrivals on Jan-Jul 2019

TIRANA, August 27 The Institute of Statistics has published on Friday, 23 August 2019, the report titled ‘The movements of citizens, July 2019’ and according to the publication, 3.313.762 citizens have entered in Albania, during the period January-July 2019, increasing by 12.4% compared to the same period of last year. July 2019 During July 2019,...

This Sector Employed More People in Q2, 2019
Post

This Sector Employed More People in Q2, 2019

TIRANA, August 26 The average monthly gross salary has continued to rise in the second trimester of 2019. According to the Bank of Albania, the annual growth of the indicator in nominal terms was 4.9%, after the increase of 3.4%, in the Q1. Meanwhile, the monthly average salary was increased by 3.3%, from 1.5% that...

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

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
Post

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...

Post

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...

Bank of Albania Composes Plan of Measures to Stimulate Credits
Post

Bank of Albania Composes Plan of Measures to Stimulate Credits

TIRANA, July 30 Whereas the loan that is given for the economy has registered an increase in the last three years, especially that for the businesses, Bank of Albania is drawing up a plan of measures to encourage it. This plan, driven by the duties left from the resolution of the Parliament for the Bank...

Large Businesses in Difficulty, Rise of Bad Credits
Post

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...

Commercial Banks Profited Lek 8 Billion from January-May 2019
Post

Commercial Banks Profited Lek 8 Billion from January-May 2019

TIRANA, July 17 The Albanian banking system closed the first 5 months of 2019, with a total income of  Lek 8 billion. According to data from the Bank of Albania, there was an increase of 5% of income, compared to the same period of last year, 2018. The financial performance of the banking system in...