TIRANA, Nov 13 /ATA/ The stock of deposits in the banking system has grown at steady rates by 6.8% in the third quarter of the year, the Bank of Albania announced.
This increase reflects the good performance of deposits in lek, driven by developments in banking system assets.
The lek –denominated deposits marked an average annual increase of about 8.2% in the third quarter. Foreign currency deposits also increased by 5.4% on average during this period.
In absolute terms, the stock of deposits in the third quarter increased by about ALL 23 billion, concentrated in August, which is attributed to remittance flows.
Demand deposits at the end of September accounted for about 50.1% of the deposits’ total in the banking system.
Meanwhile, the share of deposits with two -year maturity term slightly dropped to 13.4% at the end of the period.
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