TIRANA, Sept 1 /ATA/ – The average interest rate on consumer loans fell in the first half of this year in Albania’s financial market.
Data from the Bank of Albania show that the average effective interest rate on the consumer loans up to 200,000 lek fell to 78.38% from 89.22% in the previous six-month period and from 102.44% in the first half of 2022.
The interest rates on the bank overdrafts up to 200,000 lek, the average effective rate went up to 14.21%, from 13.62% in the previous six months and from 13.7% in the first half of last year.
The interest rates on credit cards with a credit limit of up to 200,000 lek increased to 21.17%, from 20.38% in the previous six months and from 20.69% in the first six months of last year.
The average effective interest rate on the loan instalments worth up to 600,000 lek was 24.57%, while on instalments up to 2 million lek this indicator was 12.95%.
/u.sh/
