The data of the Bank of Albania showed that the value of the new loan increased by 47.7% compared to the same period last year.

According to BoA, for the entire year 2023, the loan reached the value of 319 billion lek, an increase of 14.5% compared to 2022. The annual growth of the fresh loan also improved significantly compared to the level of 5.3% in the previous year.

Experts think that the slowdown in the increase of interest rates last year has driven a growth at relatively high credit rates.

The Bank of Albania increased the base rate only twice during 2023 and this indicator remains at the level of 3.25%, among the lowest in Europe and significantly below what is estimated to be the neutral interest rate, which means that interest rates still stand in a stimulating environment.
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Bank of Albania announces that the value of fresh loans disbursed during May 2022 amounted to ALL 21.6 billion, recording an increase of 10.8% compared to May last year.

For the first five months of the year, the value of fresh credit increased to ALL 110.8 billion, an annual increase of 31%.

Fresh credit is at its highest at least in the last seven years, confirming a positive performance, despite the increased risks to the economy associated with high inflation.

Lending performance is positive across all major segments of the market and is proving a steady growth base. Private enterprises are the main contributors to the growth of fresh credit disbursement this year.

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