TIRANA, Aug 16/ATA/ Agribusiness loans increased to ALL 3.2 billion at the end of 2020, the Bank of Albania-BoA announced on Monday.
According to the BoA, the loan portfolio increased by 33% compared to a year ago. While 793 new agribusiness loans were provided, or 34% more loans compared to a year ago. Agriculture and agribusiness are among the most potential sectors of Albania’s economy, offering great opportunities to benefit from the government National Support Schemes or development banks to promote lending.
Since 2018, the Albanian government through ARDA has injected over 100 million euros in funding in the agricultural sector, of which 44 million euros provided in grants to farmers and agribusiness.” //a.i/
