TIRANA, Dec. 14/ATA/- Assets of microfinance institutions increased by 8.3% on an annual basis, the Bank of Albania (BoA) reported on Monday.
According to the official data published by the Bank of Albania, at the end of September 2020, assets of microfinance institutions are estimated at ALL 11.7 billion, showing an increase during the third quarter after declining in the second quarter due to the Covid-19 pandemic.
The microfinance loan portfolio reached ALL 8.3 billion, showing an increase of 8% compared to a year ago.
While the total deposits in this sector constitutes about 73% of the total or ALL 8.6 billion, marking an annual increase of 9%.//a.i/
