interest-loan-mortgage – Albanian  Telegraphic  Agency. https://en.ata.gov.al News Agency Thu, 10 Aug 2023 15:35:32 +0000 en-US hourly 1 Interest rates on euro-denominated loan increased to 6.1% https://en.ata.gov.al/2023/08/10/interest-rates-on-euro-denominated-loan-increased-to-6-1/ https://en.ata.gov.al/2023/08/10/interest-rates-on-euro-denominated-loan-increased-to-6-1/#respond Thu, 10 Aug 2023 15:35:32 +0000 https://en.ata.gov.al/?p=212220 TIRANA, Aug 10 /ATA/ The Bank of Albania announced that interest rates for loans in euro have shown a rapid increase in recent months, in the follow-up to the increase in reference rates in the international market.

According to BoA, the average interest on new loans in euro for businesses was 6.1% on average in the second quarter, from 5.4% in the previous two quarters.

The increase in interests has been more noticeable in small loans (up to 250 thousand euros) and medium loans (250 thousand to 1 million euros).

Compared to last year, the average interest rate on loans in euro for businesses is about 1.3 percentage points higher.

In the second quarter, there was a marked increase in interest on mortgage loan for individuals. It was 5.0%, with an increase of 1.4 percentage points compared to the average level of the first quarter of this year and last year.

The differentials between the interests on loans in lek and loans in euro have narrowed significantly, as a result of the rapid increase of the latter, the BoA announced.
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