TIRANA, June 29 /ATA/ Lending to businesses increased in May, according to the Bank of Albania sources.
In the month of May the fresh loan for businesses reached ALL 15.4 billion, with an increase of 10% compared to the previous month and 13% more than May of the previous year.
While for the 5 month period, (January-May) the fresh loan extended to all business sectors was ALL 67 billion.
The main borrower remains trade, whose businesses for the January-May period borrowed 24 billion ALL, with an increase of 21.4% on an annual basis, accounting for 35.6% of the total.
Construction is the second largest borrower with 22.2% of the total.
After that, the processing industry, which recorded a 5% increase in loan for the first 5 months.
Lending to the economy, through investment and business financing, remains a key factor in the country’s development. The growth rates of this indicator also show that the economic outlook is on a positive trend.
BoA announces that, compared to the same period a year ago, the stock of loans to the economy increased by 2.3%.
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