TIRANA, May 3 /ATA/ The level of household borrowing and their solvency are stable and without significant changes from the previous period.
A survey conducted by the Bank of Albania of 1200 families, ( 1056 of them responded), found that 24% of the families questioned had a debt to repay.
According to BoA, about 83% of families declare that the loan payment constitutes less than 30% of their monthly income, and this indicator, the Bank of Albania says, has improved by 10% compared to 2022. On the other hand, the share of families where the ‘loan payment’ exceeds 30% of income’ is 17%.
In the analysis published by the Bank of Albania, about 55% of borrower families stated that their solvency “has not changed” during the second half of 2023.
As for this year, families expect a slowdown in their demand for loans with 57% of respondents saying that they do not expect to take out a new loan in the next 6 months.
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