TIRANA, Aug 14/ATA/ The total deposits stock has continued to expand at an accelerated pace in the second quarter of this year.
Annual growth rate marked about 8%, some 2 percentage points higher than the previous quarter.
According to the Monetary Policy report published this week by the Bank of Albania-BoA in the second quarter of this year, the increase in deposits has been widely supported by foreign currency deposits (annual growth of 8.3%), showing an average contribution of about 4.2 percentage points to total deposits stock growth.
The deposits stock in Albanian lek increased by 7.6% recording an annual contribution of about 3.8 percentage points.
At the end of June, the total deposits stock increased by about ALL 30 billion compared to March of this year.
Business deposits, which generally show more volatile behavior compared to those of individuals, have marked a significant increase of over ALL 13 billion , mainly in May and June of 2021. //a.i./
