TIRANA, Nov 1 /ATA/- The banking system in the country has increased this year’s long-term lending as a positive signal of greater support for projects in investment of businesses and households.
The Albanian Association of Banks has published lending statistics, which show that long-term loans, with a maturity of more than five years, reached ALL 312 billion at the end of September, up 6% compared to previous year.
Long-term loans already account for almost 56% of the bank loan portfolio.
Lending is one of the key indicators related to the economic growth trend in the country. Progressive lending growth is expected to further boost the country’s economy, bankers say.
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