TIRANA, Oct 2 /ATA/ – Microfinance institutions disbursed a total of 60.9 billion lek in lending during the first six months of the year, data from the Bank of Albania showed on Wednesday.
Loan portfolio of Albania’s microfinance institutions rose 17.8%.
Central bank said that lending provided by the microfinance sector accounts for 7.5% of the total lending for economy.
The Albanian microfinance institutions have already become an engine of socio-economic development and stakeholders of financial education of private enterprises, agribusiness and individuals.
Microfinance lending is mainly focused on individuals and it accounts for 80% of the active lending.
According to central bank, the non-performing loans (NPLs) ratio for the nonbanking institutions in the first half of 2024 fell to 12.8% from 13.3% during the same period of the previous year.
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