TIRANA, Feb 17/ATA/- According to the official data published by the Bank of Albania (BoA), in the second half of 2019, non-bank financial institutions assets accounted for 3.6% of total assets of Albania banking system, while gross loan portfolio accounted for 5.9% of the total.
In January-September 2019, the microfinance market has experienced a rapid growth, increasing by 25% both in terms of loan portfolio, customers number, and geographic reach.
The most funded microfinance sectors are “Trade” with 24%, “Real Estate and Building” with 11% and “Agriculture” by 12%.
The portfolio of non-bank financial institutions remains oriented to local currency financing (60.3%) and medium-term debt (67%).
In the last three years, microfinance lending has grown at a double digit rate, as the bank stock loan in 2018 declined by ALL 17 billion, or about 3%.//a.i/
