TIRANA, Oct 16 /ATA/ The banking sector remains largely liquid. According to data from the Bank of Albania, the liquidity indicator was stable even during the peak months of the COVID-19 crisis, and was even higher due to the increase in deposits and the allocation of bank funds to liquid assets.
The Bank of Albania announces that the liquid assets ratio in the banking sector increased to 46.1% in August compared to the 45.8% level in July 2020.
While the minimum level prescribed by the Bank of Albania for this indicator is 20%. The purpose of this threshold is for the bank to have sufficient liquid assets at all times to respond to potential withdrawals.
The Albanian banking sector currently has about ALL 1.24 trillion in public deposits which are the main source of financial intermediation support from second-level banks.
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