TIRANA, May 9 /ATA/ The checking accounts and demand deposits expanded by 20% and 16%, respectively if compared to last year.
The Bank of Albania announces that, in the second half of 2020, compared to the same period of 2019, these deposits (checking accounts and demand deposits) were respectively 12% and 11% higher.
According to the BoA, time deposits maintained an almost unchanged level since the end of 2018, but decreased by 13.6 billion Lek during the second half of 2020, influenced by the situation created by the pandemic.
Meanwhile, interest rates on time deposits in Lek and foreign currency continue to remain low and their average level did not change significantly during the second half of the year. /j.p/p.s./
