TIRANA, July 21/ATA/ Commercial banks in Albania eased lending standards for businesses, the Bank of Albania-BoA reported on Wednesday.
The Bank of Albania published on Wednesday the Survey on Credit Activity according to which, “in the second quarter of this year, banks eased the standards for business lending to finance investments and to cover liquidity needs.
The standards were eased especially for small and medium-sized enterprises, which constitute the segment with the largest number of businesses.
The easing of lending standards for businesses in the second quarter of this year was triggered by the higher risk tolerance, mainly in the small and medium-sized enterprises segment.
Also, the adequate interest rate level, the improvement of business confidence were reported as factors that led to the increase in the demand for business loans in the second quarter, the BoA notes. //a.i/
