December 14 (SeeNews) - The net profit of Albania's banking sector increased to 17.7 billion leks ($164 million/145 million euro) in the ten months through October, compared with 12.6 billion leks in the same period of last year, the Albanian Association of Banks (AAB) said.
The outstanding loan portfolio of banks in Albania grew to 654.7 billion leks at the end of October, from 592.4 billion leks a year earlier, AAB said in a monthly report, quoting data of the country's central bank.
The ratio of problem loans to total loans fell to 6.35% at the end of October 2021 from 8.29% a year earlier.
Deposits in Albanian banks increased to 1,395 billion leks from 1,255 billion leks at the end of October 2020.
The total assets of the country's banking system grew to 1,734 billion leks as at end-October, compared with 1,558 billion leks a year earlier.
Return on assets increased to 1.39 billion leks from 1.09 billion leks. Return on equity also rose, to 12.76 billion leks from 9.66 billion leks.
The figures comprise the financial results of 12 Albanian banks. Banka Kombetare Tregtare (BKT) is the largest among them in terms of assets.
(1 euro= 119.912 leks)