The Bank of Albania announces that the positive economic and financial environment, along with the banks’ favourable approach toward clients, has led to a rapid increase in lending during 2024.

According to the Bank of Albania, as in the past credit expansion continues to be driven by lending in lek.

Meanwhile, it continues to be directed towards meeting the investment needs of businesses and the housing purchase needs of individuals.

The report of the Supervisory Council of the Bank of Albania also notes that the ratio of non-performing loans continues to remain near the lowest levels in over a decade, illustrating a high and stable quality of credit.

The Bank of Albania considers that the increase in lending is one of the indicators supporting the positive trajectory of the economy. In its outlook, it predicts further sustainable growth in economic activity, coupled with an increase in employment.

/a.f/sm/