bank lending – Albanian  Telegraphic  Agency. http://en.ata.gov.al News Agency Wed, 26 Mar 2025 17:53:14 +0000 en-US hourly 1 Bank lending to private sector up by 16.7% in first two months of 2025 http://en.ata.gov.al/2025/03/26/bank-lending-to-private-sector-up-by-16-7-in-first-two-months-of-2025/ http://en.ata.gov.al/2025/03/26/bank-lending-to-private-sector-up-by-16-7-in-first-two-months-of-2025/#respond Wed, 26 Mar 2025 17:53:14 +0000 https://en.ata.gov.al/?p=259672 TIRANA, March 26 /ATA/ – The increase in household consumption and business investments reflects the sound financial balance sheets, the confidence in the future, and the favorable lending conditions, the Governor of the Bank of Albania Gent Sejko told a press conference after the meeting of the Bank’s Supervisory Council on Wednesday.

Sejko said that lending to the private sector has kept growing, averaging 16.7% in the first two months of the year.

According to him, increased bank lending to economy has been mainly driven by the relatively low policy rate and credit interest rates, as well as the banking sector’s positive approach to lending have led to these conditions.

The Governor said that the notable development over the past two quarters has been the rebound of lending in foreign currency, as interest rates in European markets fell and the investment loans for businesses went up rapidly.

“Lending in foreign currency recorded an average increase of 20% during the first two months of the year, fuelling the expansion of production capacities. Also, the non-performing loans ratio fell to 4.06% in February, recording a new historic low level in over a decade,” Sejko noted.

Sejko said that “the stability of the financial system, along with improvements in fiscal and external sustainability indicators, have led to an upgrade in Albania’s sovereign credit rating. In March 2025, the rating agency Standard & Poor’s upgraded Albania’s sovereign credit rating to BB.”

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]]> http://en.ata.gov.al/2025/03/26/bank-lending-to-private-sector-up-by-16-7-in-first-two-months-of-2025/feed/ 0 BoA: New lending to economy up 36% in January 2025 http://en.ata.gov.al/2025/02/28/boa-new-lending-to-economy-up-36-in-january-2025/ http://en.ata.gov.al/2025/02/28/boa-new-lending-to-economy-up-36-in-january-2025/#respond Fri, 28 Feb 2025 16:28:43 +0000 https://en.ata.gov.al/?p=257694 TIRANA, Feb 28 /ATA/ – New lending to Albanian economy maintained its upward trend, recording a 36% year-on-year increase to 31.9 billion lek in January 2025, according to the Bank of Albania.

According to central bank, lending to business and household segment recorded highest growth in January.

Central bank data show that lending to households rose 42% to 9.5 billion lek compared to the same period of the previous year.

New lending to businesses was estimated at around 19.6 billion lek, up by 17% compared to January 2024.

The Bank of Albania noted that the increased lending to economy is driven by the upward trend of the country’s real economy, particularly tourism, services and real estate sector.

The increased lending is also attributed to the low interest rates and the central bank’s accommodative monetary policy.

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]]> http://en.ata.gov.al/2025/02/28/boa-new-lending-to-economy-up-36-in-january-2025/feed/ 0 BoA: New lending to economy up 30% in September http://en.ata.gov.al/2024/10/30/boa-new-lending-to-economy-up-30-in-september/ http://en.ata.gov.al/2024/10/30/boa-new-lending-to-economy-up-30-in-september/#respond Wed, 30 Oct 2024 16:03:29 +0000 https://en.ata.gov.al/?p=248270 TIRANA, Oct 30 /ATA/ – New lending to Albanian economy further accelerated, recording a 13.9% year-on-year increase to 28.3 billion lek in September, according to the Bank of Albania.

According to central bank, lending to business and corporate segment recorded highest growth in September.

Central bank data show that lending to business rose 16.6% to 19.7 billion lek compared to the same period of the previous year.

Bank lending to households was estimated at around 8.1 billion lek, up by 4% compared to September 2023.

Albania’s banking sector disbursed a total of 280.7 billion lek in the first nine months of 2024, up 30% compared to same period of 2024.

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]]> http://en.ata.gov.al/2024/10/30/boa-new-lending-to-economy-up-30-in-september/feed/ 0 Bank lending to economy amounts to 24.8 billion lek in September http://en.ata.gov.al/2023/10/30/bank-lending-to-economy-amounts-to-24-8-billion-lek-in-september/ http://en.ata.gov.al/2023/10/30/bank-lending-to-economy-amounts-to-24-8-billion-lek-in-september/#respond Mon, 30 Oct 2023 19:47:27 +0000 https://en.ata.gov.al/?p=218982 TIRANA, Oct 30 /ATA/ – Bank lending to Albanian economy kept an upward trend for second consecutive month in September, the Bank of Albania said on Monday.

Data from central bank show that new lending to economy rose 21.2% year-on-year to 24.8 billion lek in September.

Bank lending to the Albanian economy totalled 216 billion lek in the first nine months of the year, edging up by 3.6 % compared to the same period of 2022.

The new bank lending is growing for both businesses and households. New lending for business was valued 16.9 billion lek in September, up by almost 30% compared to same period of previous year, whereas this indicator rose 2.7% to 141.7 billion lek during the first nine months of 2023.

Bank loan portfolio for individuals amounted to 7.8 billion lek, up by 10.8% compared to September last year, and new disbursements were worth 67.4 billion lek in the first nine months, increasing by 3.2% year-on-year.

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]]> http://en.ata.gov.al/2023/10/30/bank-lending-to-economy-amounts-to-24-8-billion-lek-in-september/feed/ 0 Bank lending to economy amounts to 28 billion lek in March http://en.ata.gov.al/2023/04/27/bank-lending-to-economy-amounts-to-28-billion-lek-in-march/ http://en.ata.gov.al/2023/04/27/bank-lending-to-economy-amounts-to-28-billion-lek-in-march/#respond Thu, 27 Apr 2023 19:20:54 +0000 http://en.ata.gov.al/?p=204192 TIRANA, April 27 / ATA/ – Bank lending to Albanian economy slightly decreased in March and it is maintaining satisfactory trend, despite the increase in interest rates.

Bank of Albania said that lending to economy amounted to 28 billion lek in March, down by 0.5% compared to the same period of the previous year.

Bank lending to the Albanian economy totalled 63.8 billion lek in the first quarter of the year, down by 2.9% compared to the same period of 2022.

According to central bank, the total of the new lending is influenced also by the exchange rate. Europe’s single currency was depreciated by around 7% against the Albanian national currency Lek by end of the last year.

Central bank data show euro-denominated loans represent around 58 % of the bank lending to economy in the first three months of the year.

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]]> http://en.ata.gov.al/2023/04/27/bank-lending-to-economy-amounts-to-28-billion-lek-in-march/feed/ 0 Bank lending to construction sector up by 38% http://en.ata.gov.al/2022/09/22/bank-lending-to-construction-sector-up-by-38/ http://en.ata.gov.al/2022/09/22/bank-lending-to-construction-sector-up-by-38/#respond Thu, 22 Sep 2022 17:30:36 +0000 http://en.ata.gov.al/?p=188520 TIRANA, Sept 22 /ATA/ – Bank lending to the construction sector in Albania rose 38% year-on-year to 22..7 billion lek during the first seven months, data from the Central Bank showed on Thursday.

Total value of the loan portfolio for the construction industry amounted to 70.4 billion lek in the end of July, recording an annual growth by around 30%.

Experts say that bank lending to construction has increased to respond growth of construction, real estate sector in Tirana and in the country’s coastal cities in particular.

Data from the National Institute of Statistics, INSTAT, show that the value of the construction permits issued in the first half of the year was estimated at around 60 billion lek, up by 54% compared to the same period of the previous year.

Central bank said in its latest report that the home and real estate prices was up by 9% last year.

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]]> http://en.ata.gov.al/2022/09/22/bank-lending-to-construction-sector-up-by-38/feed/ 0 Bank lending to economy grows by 7.1% in end of May   http://en.ata.gov.al/2021/07/04/bank-lending-to-economy-grows-by-7-1-in-end-of-may/ http://en.ata.gov.al/2021/07/04/bank-lending-to-economy-grows-by-7-1-in-end-of-may/#respond Sun, 04 Jul 2021 15:18:00 +0000 http://en.ata.gov.al/?p=154486 TIRANA, July 4 /ATA/ – Bank lending to the Albanian economy kept increasing in May, mainly driven by growth of lending to large business segment and household lending for housing purchase.

The Bank of Albania said in its latest report that lending to private enterprises rose 7.1% in the end of May 2021.

Central bank data show that total of loan portfolio amounted to 618 billion lek or five billion euros in end of April.

“Loan portfolio for the economy expanded by 3.3 billion lek in May and it rose 6.3% year-on-year to 618 billion lek,” central bank said.

Central bank noted that the lending prospects for this year remain positive, driven by the expected improvement of the country’s real economy, good financial health of the banking sector and the continued accommodative monetary policy pursued by the Bank of Albania.

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