TIRANA, Aug 10 /ATA/ The ratio of non-performing loans decreased in June this year.
Referring to data from the Bank of Albania, non-performing loans dropped to 5.32%, from 5.44% in May 2022.
Non-performing loans continued to decline until March of this year, when they dropped to 5.24%, the lowest level since 2009. In the April-May period, the ratio recorded a slight increase of approximately 0.2 percentage points, which coincides with a rapid increase in inflation rate.
The Bank of Albania announces that for the first 6 months of this year, the value of the provisions calculated by the banks for loan losses was 1.25 billion ALL, this value is almost the same with the corresponding period last year.
Meanwhile, the total loan portfolio at the end of June recorded an increase of 12.3%, in line with last year’s levels, before the economy was hit by the strong inflationary wave.
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