TIRANA, Aug 10 /ATA/ – The net profit of Albania’s banking system increased to 5.8 billion lek in the second quarter of 2020, up by around 5% compared to the same period of the previous year, the Bank of Albania said on Monday.
The country’s banking sector remains solid and shows very good indicators of the financial health, ensuring necessary support and contribution to the country’s economy, business and households amid the situation created by the coronavirus pandemic.
Data from the central bank also show that the banking sector posted net profits of around 7.15 billion lek in the first six month of 2020.
The interest income rose 0.1% year-on-year in the first half, whereas interest expenses contracted by 4.8%.
Return on equity was estimated 9.1% year-on-year at the end of June, increasing for the fourth consecutive month; however, even for this indicator, the figures are lower compared to last year, when the return was estimated at 14.3%.
e.xh./ /a.g//r.e/u.sh/
