October 19 (SeeNews) - The net profit of Albania's banking sector fell to 11.1 billion leks ($93.6 million/95.3 million euro) in the January-August period, compared with 13.3 billion leks in the same period of 2021, the Albanian Association of Banks (AAB) said.
The outstanding loan portfolio of banks in Albania grew to 711.9 billion leks at the end of August, from nearly 633 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 5.20% at the end of August from 6.96% a year earlier.
Deposits in Albanian banks increased to 1,499 billion leks from 1,370 billion leks at the end of August 2021.
The total assets of the country's banking system grew to 1,859 billion leks as at end-August, compared with 1,697 billion leks a year earlier.
The figures comprise the financial results of 12 Albanian banks. Banka Kombetare Tregtare (BKT) was the largest among them in terms of assets at the end of June.
(1 euro = 116.455 leks)