TIRANA, Aug 28 /ATA/ The consumer loan portfolio increased to ALL 31.7 billion in the middle of this year, recording an increase of 1.3% compared to the same period a year earlier.
The Bank of Albania announces that consumer credit is returning to the pre-pandemic growth rates, playing an important role in boosting consumption.
According to the BoA, the consumer credit has increased mainly in the segment of durable goods, related to investment in vehicles, electrical and electronic appliances, etc.
Also, the Bank of Albania notes, the increase in consumer credit is attributed to further relaxation of lending standards for households by banks during the second quarter of 2021./m.m/sm/
