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24-10-26
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Micro-crediting expands/ Non-bank financial institutions increased by 25.4%

TIRANA, June 30 /ATA/ The total of assets for non-bank financial entities amount to ALL 58.1 billion, increasing by about ALL 11.8 billion or 25.4%, compared to a year ago.

The Bank of Albania announces that the increase in the number of non-bank financial institutions has been generated mainly by microcredit entities, which in the last year have significantly expanded their lending activity.

The assets of non-bank financial entities account for about 3.9% of the total assets of the banking system, increasing by 0.8 percent compared to the previous year.

The dominant item in the asset structure of non-bank financial entities is the loan portfolio with about 50.4%. The rest of the assets are oriented towards liquid assets (24.5%) and variable -income securities (8.7%).
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