TIRANA, Sept 2 /ATA/ Non-performing loan dropped to 7.05% in July this year, from 7.12% a month earlier, marking the lowest level on record in the last 12 years.
The mitigation of the pandemic impact and the recovery of economy that recorded a growth of 5.53% in the first quarter of 2021 seem to have had a positive impact on the solvency of borrowers.
Also the outlook for tourism is very good. Experts assess tourism as a determining factor in the economic growth trends for this year. This year, the number of foreign visitors to Albania has increased 2,5 times compared to a year ago.
Meanwhile, the total loan portfolio for the economy reached ALL 629.1 billion at the end of July. Compared to the same period a year ago, surplus loan increased by 6.5%.
/a.a/r.e/sm/
