TIRANA, March 9 /ATA/ The microfinance market expanded by 13.3% last year, the Bank of Albania announced.
According to the BoA, the total market assets reached the value of ALL 13.5 billion, while lending has the highest share of 69% of total assets.
The loan portfolio provided by microfinance reached ALL 9.3 billion, an increase of 10% compared to a year ago. The rest of the assets consist mainly of deposits which account for 71% of the total liabilities of the sector. In value, they amount to ALL 9.6 billion, recording an increase of 10.2% on an annual basis.
Unlike the banking system, the microfinance market is dominated by the use of the lek. /a.a/sm/
