TIRANA, Jan 20 /ATA/ Second-level banks eased lending terms and conditions for individuals to purchase housing in the fourth quarter of 2021, the Bank of Albania announced on Thursday.
According to the BoA, the ratio of loans rejected to total loan applications by households was estimated to decline this quarter.
The Bank of Albania predicts that the eased terms of mortgage offer will be carried over into the first quarter of 2022.
In the face of this lending policy of banks, the demand for loans, both by businesses and individuals, is expected to be higher.
During the first 9 months of 2021, second-level banks in the country disbursed ALL 28.7 billion, or about EUR 235 million in new loans for the purchase of houses.
Compared to the same period last year, this value has increased by 60%. /j.p/sm/
