On Thursday, Bank of Albania published the Financial Stability Report for the First Semiannual of 2015, which confirms that the banking system in Albania remains stable and well capitalized. At this current state, the banking system in Albania has the needed capacities to support the economic growth, says the report. It cites that “the banking...
Let’s connect The level of nonperforming loans decreased slightly to 21% during October, says a report issued recently by the Albanian Association of Banks. In September, the level of nonperforming loans was 21.1%, according to the report. The main reasons that are affecting in the continuous decrease of nonperforming loans are the erase of...
Bank of Albania’s Supervisory Council approved on Wednesday the Financial Stability Report for the First Semiannual of 2015, one of the most important reports issued periodically by the Bank. The report aims to identify and evaluate the risks which the financial system in Albania currently faces. The report shows that during the first semiannual of...
The latest developments of the banking system in Albania and Bank of Albania’s incentives in improving the sector have become a discussion theme at the annual meeting of the Governors’ Club in Tbilisi, Georgia. Bank of Albania Governor Gent Sejko has participated in the 34th edition of Governors’ Club meeting where State Banks’ Governors of...
Bank of Albania has released a report which shows banking system’s incomes for the first quarter of 2015 are estimated to be ALL 5.86 million, increasing by 30% compared to the same period of a year ago. Bank of Albania experts say that the monetary easing policies applied by the Bank which for the past...
Bank of Albania’s report for 2014 says that in Albania operate 22 non-bank financial institutions whose total assets reached the amount of ALL 32.23 billion, equal to the 2.5% of the total assets of the banking system. Comparing their performance to 2013, the report says that the assets of these financial institutions increased significantly by...
Bank of Albania’s Annual Supervisory Report for 2014 issued last week, shows an upward trend of deposits in the banking system, figures that confirm Bank’s claims that the banking system in the country is performing positively. In 2014, deposits increased by 4.5% (ALL 47 billion), compared to their increase in 2013 by ALL 34 billion....
The share capital of the banking system in Albania estimated to be ALL 111 billion by the end of 2014, increasing by ALL 7.6 billion compared to the slight increase by ALL 1.5 billion in 2013. The figures were announced at the Annual Supervisory Report for 2014 issued by the Bank of Albania last week....
Bank of Albania’s experts say that the demand for loans from businesses and individuals increased in the second trimester of this year, in Albanian and foreign currencies. The interest rate declined in the first months of 2015 and it is foreseen that this trend will continue even in the upcoming months. According to Bank of...
Ludovic Laventure is an experienced French businessman/investor whose activity in Albania started back in 1996, in a period where Albania was still trying to escape from its communist past economically, politically and in social terms. As itself Laventure says, at that time was not easy to start investing in Albania, due to high informality and...