TIRANA, Feb 9 /ATA/ Mortgage loan increased for the fourth year in a row in 2023.
The data of the Bank of Albania show that the fresh mortgage loan reached the value of 48.5 billion lek or about 466 million euros.
Fresh mortgage loan increased by 5.2% compared to 2022.
According to BoA, the value of the active portfolio or mortgage loan surplus at the end of 2022 reached almost ALL 177.2 billion, with an annual increase of 6.3%.
Experts say that the relatively low interest rates have caused the mortgage loan to increase, especially in the loan in local currency.
The new mortgage loan in local currency last year reached 30.2 billion lek, an increase of 36% compared to the previous year. Local currency –denominated loan accounted for more than 62% of new disbursements for this product.
/r.e/sm/
