TIRANA, September 2 /ATA/-The commercial banks in the country will continue with the restructuring of loans until the end of the current year, while August 31 marked the end of the 6-month moratorium for individuals and businesses that were in financial difficulties from the situations created by COVID-19.
In September, all borrowers return to normal and pay the loan installments, depending on the agreement they have made with the bank.
The Bank of Albania said that there are 23 thousand cases that have benefited from the postponement of loan installments with a total cost of 2 billion Euros, compared to the total of 4 billion Euros recorded by the loan portfolio in commercial banks.
The Central Bank in cooperation with commercial banks in mid-March 2020 decided to suspend loan installments for two consecutive quarters (March-August) due to the pandemic crisis, coming to the aid of all individual borrowers, businesses and SMEs, which were in financial difficulties during this period. e.xh / j.p /p.s./
