TIRANA, April 29 /ATA/ The deposits in foreign currency increased during March this year, reported the Bank of Albania.
According to the BoA, the foreign currency savings increased by 1.3% in March compared to the previous month, influenced by both financial corporations and individuals.
On an annual basis, deposits continued their upward trends, getting increased by 9.4% in March 2022 compared to March 2021, however the trend slowed down compared to February, when the annual growth was 10.2%.
Since 2019, deposits in the banking system have marked a significant increase, which continued during the pandemic, influenced by the restriction of movements and spending of individuals. While during the current year, the indicators are showing that the crisis provoked by the war is affecting the ability to save.
At the end of March, foreign currency deposits accounted for 55.9% of the total, from 53.7% in the same period last year./p.s./
