bank system – Albanian  Telegraphic  Agency. https://en.ata.gov.al News Agency Tue, 12 Oct 2021 19:59:19 +0000 en-US hourly 1 Banking system records a profitability of ALL 1.98 billion at end of August 2021 https://en.ata.gov.al/2021/10/12/banking-system-records-a-profitability-of-all-1-98-billion-at-end-of-august-2021/ https://en.ata.gov.al/2021/10/12/banking-system-records-a-profitability-of-all-1-98-billion-at-end-of-august-2021/#respond Tue, 12 Oct 2021 16:06:02 +0000 http://en.ata.gov.al/?p=163154 TIRANA, Oct. 12/ATA/ The Bank of Albania (BoA) reported on Tuesday that, the banking system recorded a profitability of ALL 1.98 billion at the end of August 2021.

According to the BoA, compared to the same month a year ago, banks’ profits increased by 11.5%.

The positive performance and increase of banking system profitability during this year reflects the positive performance of this sector, as well as the increase of assets, loans and decrease of non-performing loans.

Meanwhile, the improvement of economic activity has affected the maintenance of solvency of borrowers, but also the growth of new lending. //a.i/

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