TIRANA, September 4/ATA/- Individuals have increased bank savings in recent years. According to the official data published by the Bank of Albania (BoA), demand deposits for households increased by almost ALL 212 billion in all currencies in the last 8 years.
Meanwhile, bank term savings declined. Since the beginning of 2012, when the base rate reduction policy was launched by the Bank of Albania, time deposits for individuals in all currencies decreased by about 30% in the last eight years.
According to BoA, interest rates on demand or short-term deposits increased slightly compared to last year. While interest rates on deposits of two, three and four-year maturity decreased, to 0.17% and 0.25%.//a.i/
