TIRANA, Oct.13/ATA/The expansion of credit by the banking system has been supported by loans in Albanian Lek.
The Bank of Albania announced on Wednesday that, the loans in Albanian Lek increased by 9% at the end of August of this year.
According to the BoA, Lek-denominated loans portfolio accounted for 52.6 %, up from 51.4% a year earlier.
The expansion of lending activity in the local currency was supported by easing monetary conditions, as well as a more prudent approach to the exchange rate – mainly related to household credit. //a.i/
