TIRANA, Aug 14 /ATA/- The stimulating monetary policy of Bank of Albania has created a financial environment characterized by low interest rates and reduced risk premiums, boosting the growth of lending, consumption and investment.
Bank of Albania notes that credit interest rates continued to remain at an all time low at the end of the second quarter, enabling further improvement in lending activity. This improvement is reflected in acceleration of credit growth rate to 6.8% and expansion of growth base.
The ongoing reduction in non-performing loans, banking sector consolidation process, and the upward trend of demand trend have created the premise for ever-higher lending in the future.
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