TIRANA, May 23 /ATA/ – Businesses and households in Albania have obtained bank loans at lower interest rates in the first months of 2025, Bank of Albania said in its latest report.
According to central bank, the interest rates on new loans in the first three months of the year have remained relatively unchanged and at low rate.
Albania bank lending rate for businesses was reported averagely at 6.4% in the first quarter, remaining unchanged from the previous quarter and slightly lower than the average of 6.6% in 2024.
The interest rates on consumer loans for households stood at 8.2%, down from 8.5% in the last quarter of 2024. The interest rate on mortgage loans was 3.7% this quarter, remaining the same as in the previous quarter.
The interest rates applied to euro-denominated loans have pursued same downward trend in the first quarter of the year.
The Central European Bank’s accommodative monetary policy has been reflected in the reference rates of the Euro currency in the international market, leading to a decrease in interest rates applied to euro-denominated loans in Albania.
The average interest rate on new euro-denominated lending to business stood at 5.7% in the first quarter, down from 6.1% in the second half of 2024.
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