TIRANA, November 21/ATA/-The interest rate on new loans in Euro increased in September, the Bank of Albania said.
The average interest rate on new loans in euros in September reached 4.61%.
According to the bank there has been an increase in short-term loans interest rates in September, especially.
Earlier this month, the European Central Bank announced a 75 basis point interest rate rise, taking its benchmark deposit rate to 0.75%.
The 12-month Euribor has already reached the level of 2.85%.
A Euribor rate (Euro Interbank Offered Rate) is a reference interest rate in the euro area money market.
According to the Bank of Albania, at the end of September, foreign currency loans reached ALL 350.5 billion, marking an annual increase of 17% (approximately 49.4% of the total loan portfolio). //a.i/
