TIRANA, July 22/ATA/ The business has increased demand for investment loans.
The Bank of Albania-BoA reported on Thursday that, the post-pandemic economic recovery, the increase of exports, as well as the improvement of prices in the international markets came as a huge relief to the businesses going through a difficult year.
According to the BoA, the pandemic situation has affected the behavior of the banking system that have recently reported the easing of lending standards for businesses, during the second quarter of this year.
While, banks have reduced interest rates on euro loans for investments to the lowest level of 3.53%.
The BoA announced that, last year the corporate loan portfolio expanded by about ALL 34.5 billion, or about EUR 280 million, of which ALL 29.5 billion, or about 86% of the total are loans for the investments in real estate or machinery and equipment. //a.i/
