TIRANA, Aug 18 /ATA/ – The credit growth for business was fuelled by an increased lending rate to the small and medium sized enterprises (SME) in the second quarter of 2019.
Data from the Bank of Albania show that credit for this segment rose by 4.5 billion lek in the second quarter, with the loan portfolio for the SMEs registering a growth of 9% compared to the same period of the previous year.
According to the central bank, lending for small businesses has particularly improved over this period.
Lending for big business accounted for 54 percent of the total business loan portfolio in the first half of the year. The biggest increase has been recorded in loans rate for small businesses, currently accounting for 17.5% of the loan portfolio, up by three times compared to 2015.
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