TIRANA, Aug 27 /ATA/ – Loan portfolio of Albania’s microfinance institutions for small businesses rose 7.5% year-on-year, data from the Bank of Albania showed on Friday.
Central bank said that microfinance institutions expanded their loan portfolio by 3.7% for medium businesses and 11% for big businesses.
Meanwhile, the household loan portfolio registered a higher growth of 13.3%.
The Albanian microfinance sector represented an outstanding loan portfolio of more than 38.2 billion lek at the end of 2020.
According to central bank, the non-bank financial market owned about 181 billion lek in assets at the end of last year.
The Albanian microfinance institutions have already become an engine of socio-economic development and stakeholders of financial education of private enterprises, agribusiness and individuals.
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