TIRANA, Aug 9 /ATA/ – The non-performing loans (NPLs) ratio for the nonbanking institutions fell to 13.2% from 13.6% a year ago, data from the Bank of Albania showed on Wednesday.
According to central bank, the fall in the gross bad loans ratio of the non-banking financial institutions was influenced by higher growth of the loan portfolio compared to the value of the NPLs ratio.
The gross loan portfolio issued by the non-banking institutions rose 12.6% year-on-year to 47.9 billion in the first half of 2023. The microfinance and crediting institutions account for the largest share of the loan portfolio, or around 77% of the total loan.
Microcredit recorded highest growth with around 2.6 billion lek or about 50% of the total growth of the sector’s loan portfolio.
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