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Albanian Banks' End-Aug Loan Portfolio Rises 15.9% Y/Y

Nov 12, 2009, 4:06:34 PMArticle by Yordan Todorov
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November 12 (SeeNews) - The loan portfolio of commercial banks in Albania amounted to some 423.3 billion leks ($4.6 billion/3.08 billion euro) at the end of August, 15.9% up from a year earlier, central bank statistics indicated.

Albanian Banks' End-Aug Loan Portfolio Rises 15.9% Y/Y

On a monthly basis the banks' August credit portfolio was 1.0% higher.

At the end of 2008 the banks’ credit portfolio totalled 396.3 billion leks, 35% up on the year.

Details follow (in billions of leks):

End-Aug'09 End-Aug'08 End-July'09
Total credits 423.280 365.070 419.193
-to public non financial corporation 12.840 6.937 12.597
-to other non financial corporation 264.991 225.907 261.594
-to other financial corporation 0.364 0.248 0.373
-to resident sectors 145.085 131.978 144.629


Albania’s 16 commercial banks serve a market of some 3.2 million people.

(1 euro=137.4324 Albanian leks)

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