TRANA, Dec 14 /ATA/ Non-performing loan dropped to 8.29% in October compared to 8.3% in September this year.
The Bank of Albania announces that the non-performing loan ratio is about two and a half points lower compared to last year and throughout 2020 it has been quite stable within the range of 8.1% and 8.3%.
According to the BoA, until the middle of this year, due to pandemic situation, banks and financial institutions deferred about two billion euros in the loan portfolio, while some borrowers decided to take advantage of the second deferral period, in June-August, for restructuring and refinancing of their loans.
Meanwhile, the loan portfolio in October amounted to ALL 592 billion or EUR 4.8 billion.
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