April 12 (SeeNews) - The net profit of Albania's banking sector increased to 3.2 billion leks ($30.3 million/25.4 million euro) in the first two months of the year, from 2.5 billion leks in the same period of 2020, the Albanian Association of Banks (AAB) said.
The Albanian banking sector's outstanding loan portfolio grew to 609.3 billion leks, from 582.8 billion leks at the end of February 2020, AAB said in a monthly report, citing data of the country's central bank.
The ratio of problem loans to total loans edged down to 8.15% from 8.18%.
Deposits in Albanian banks increased to 1,293 billion leks at the end of February from 1,214 billion leks a year earlier.
The total assets of Albania’s banking system grew to 1,586 billion leks as at end-February, compared with 1,502 billion leks a year earlier.
Return on assets (ROA) increased to 1.29 billion leks from 1.13 billion leks. Return on equity also rose, to 11.59 billion leks from 9.52 billion leks.
The figures comprise the financial results of 12 Albanian banks. The largest by assets among them is Banka Kombetare Tregtare (BKT).
(1 euro = 121.463 leks)