TIRANA (Albania), January 6 (SeeNews) – The net profit of Albania's banking sector in the ten month through October rose to 17.2 billion leks ($156.9 million/140.5 million euro), from 15.4 billion leks in the like period a year earlier, the Albanian Association of Banks (AAB) said.
The Albanian banking sector's outstanding loan portfolio shrank to 576.1 billion leks in the review period, from 584.2 billion leks a year earlier, AAB said in a monthly report, citing data of the country's central bank.
The ratio of bad loans to total loans dropped to 10.17% at the end of October from 13.0% a year earlier.
Deposits in Albanian banks decreased to 1,180.4 billion leks, from 1,172.5 billion leks a year earlier.
The total assets of Albania’s banking system rose to 1,459.0 billion leks at the end of October from 1,450.3 billion leks a year earlier.
Return on assets (ROA) rose to 1.53 billion leks from 1.40 billion leks. Return on equity (ROE) also increased, to 14.05 billion leks from 13.1 billion leks.
The figures comprise the financial results of twelve Albanian banks, as compared to 16 in 2018. The largest by assets is Banka Kombetare Tregtare (BKT).
(1 euro = 121.168 leks)