TIRANA, Aug 18 /ATA/ Second-level banks in the country have increased loan interest rates for citizens, for mortgage and for small and micro businesses, reflecting the increase to 1.75% of the base interest rate for the lek from the Bank of Albania.
“Personal loan interest rates have increased in the second quarter of the year. The highest increase in this quarter was in mortgage loans, whose interest was 4.0% from 3.6% that was in the previous quarter and 3.7% in 2021,” according to BoA
“The second quarter of this year has also recorded an increase in consumer loan interest. This interest resulted in an average level of 9.3%, from 9.1% in the first quarter of the year. The increase in interest for this type of loan was more contained in this quarter, after the increase in the first quarter of the year. The interest rates for consumer loans have fluctuated around the level of 8.1% for the period 2018-2021,” according to BoA.
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