TIRANA, Sept 4 /ATA/ The Bank of Albania announces that loans to businesses for liquidity marked a further slowdown in growth rates, to 1.4%, compared to 3.5% on average in the first quarter.
According to the BoA, the good performance of business deposits, related to the VAT refunding by the government, seems to have determined this dynamic.
Business loans according to purpose of use and currency show a stable growth of foreign currency –denominated loans to businesses of 4.1%, supported by the good performance of investment loans, which is dominated by foreign currency lending.
Meanwhile, lending in lek to businesses slowed to 9.8%, reflecting the incapacity of lending to meet liquidity needs. /j.p/
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