TIRANA, Aug 1 /ATA/ The Bank of Albania announces that the increase in lending for the private sector had an impact on the expansion of investments.
According to BoA, the new loan extended by the banks to the private sector during June increased to the value of about 20 billion ALL.
Compared to the same period of the previous year, this indicator increased significantly, when it was fixed at around 15 billion lek.
BoA estimates that in nominal terms the credit for the private sector increased by 35%.
The figures show that compared to previous years, this is the highest figure since June 2020, when the new loan for the private sector was fixed at 21.1 billion ALL.
The increase in credit demand, reported in the credit activity survey, the relaxation of credit conditions, and the good health of the banking industry suggest a good credit performance going forward.
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