In his remarks at the meeting of the National Economic Council, which was held today in Tirana, Sejko said that, actually, the progress of lending is good.

“Lending has increased to the level of 10% on an annual basis. Meanwhile, the last figure for 2023 shows that the increase in lending for private business is 10.7%,” the Governor said.

According to him, BoA’s challenge is to keep the financial system afloat, to increase lending to the economy, to reduce non-performing loans and at the same time to consolidate the banking system.

“Encouraging lending in the local currency, at the current stage that Albania has in relation to the economy, would help in better transmission of the monetary policy and economic growth,” the Governor said.
/sm/