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Albanian banks' 11-mo net profit rises 33% y/y

Albanian banks' 11-mo net profit rises 33% y/y Capricorn Studio/Shutterstock.com

TIRANA (Albania), January 12 (SeeNews) - The net profit of Albania's banking sector increased to 19.2 billion leks ($177 million/156 million euro) in the eleven months through November 2021, compared with 14.4 billion leks in the same period of 2020, the Albanian Association of Banks (AAB) said.

The outstanding loan portfolio of banks in Albania grew to 661.2 billion leks at the end of November, from 596.3 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 6.2% at the end of November 2021 from 8.2% a year earlier.

Deposits in Albanian banks increased to 1,390 billion leks from 1,259 billion leks at the end of November 2020.

The total assets of the country's banking system grew to 1,729 billion leks as at end-November, compared with 1,564 billion leks a year earlier.

Return on assets increased to 1.34 billion leks from 1.11 billion leks. Return on equity also rose, to 12.49 billion leks from 9.90 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= 120.774 leks)

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