household lending – Albanian  Telegraphic  Agency. https://en.ata.gov.al News Agency Fri, 29 Dec 2023 15:59:49 +0000 en-US hourly 1 Household lending portfolio up by 6.2% in 2023 https://en.ata.gov.al/2023/12/29/household-lending-portfolio-up-by-6-2-in-2023/ https://en.ata.gov.al/2023/12/29/household-lending-portfolio-up-by-6-2-in-2023/#respond Fri, 29 Dec 2023 15:59:49 +0000 https://en.ata.gov.al/?p=223645 TIRANA, Dec 29 /ATA/ – Bank lending portfolio to households and other consumer credit kept increasing in 2023, Bank of Albania said.

According to central bank data, household lending rose 6.2% year-on-year to 82.5 billion lek in the January-November period.

Growth in lending portfolio was mainly driven by house and real estate purchases.

“Household lending portfolio comprises mostly Lek-denominated loans and it includes financing for house purchasing and consumer loans,” Bank of Albania said.

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]]> https://en.ata.gov.al/2023/12/29/household-lending-portfolio-up-by-6-2-in-2023/feed/ 0 Household lending up by 16.3% in Q1 https://en.ata.gov.al/2022/05/17/household-lending-up-by-16-3-in-q1/ https://en.ata.gov.al/2022/05/17/household-lending-up-by-16-3-in-q1/#respond Tue, 17 May 2022 08:20:16 +0000 http://en.ata.gov.al/?p=178960 TIRANA, May 17 /ATA/ – Lending to households and other consumer credit rose at a faster rate in the first quarter of 2022 compared to the last quarter of previous year, the Bank of Albania said.

According to central bank data, the household lending rose 16.3% year-on-year in the first quarter.

Central bank said that lending expansion was mainly driven by an increase in the share of the home purchase loans, with the property prices surging and increasing demand for housing and investment largely contributing to the good performance of this portfolio.

Bank of Albania also said that consumer credit has maintained a similar upward trend as in the last quarter of last year.

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