TIRANA, August 21/ATA/- The total stock of deposits in the banking system increased by about 4.4% on average during the second quarter of the year, compared to the annual rate of 3.3% in the first quarter.
The Bank of Albania reported that the ratio of deposits to GDP is estimated at about 68.3% at the end of the first half of the year.
According to the Bank of Albania, the increase of deposits is mainly in foreign currency which increased by 5.5% followed by increase of deposits in lek by 3.4%.
Deposits of households remain the main contributor to the increase in the stock of deposits during this period, both in foreign currency and in lek.
Deposits of businesses show fluctuating performance with a relatively modest contribution to the expansion of deposit surplus during this period.
At the end of June, demand deposits make up about 45% of total stock, while those with two-year maturity over 12.5%. /e.xh/j.p/p.s./
