TIRANA, April 28 /ATA/ – Commercial banks operating in Albania rejected around 27% of loan applications in the second half of 2024.
Data from the Bank of Albania show that the rejection rate has grown 2.3% and 6.7% year-on-year with the refusal rate of loan applications for households significantly higher.
Central bank data indicate that a total of 75 530 loan applications were submitted to 11 second-tier banks in the second half of 2024, with 91% or 68 881 applications filed by households and the rest submitted by business sector.
The total of applications reviewed by banks rose 4.3% compared to the first half of 2024 and 12.1 year-on-year.
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