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Apr 15, 2022 16:11 EEST
April 15 (SeeNews) - The net profit of Albania's banking sector fell to 2.3 billion leks ($21 million/19 million euro) in the first two months of the year, compared with 3.2 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 680 billion leks at the end of February, from 609 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 5.39% at the end of February from 8.15% a year earlier.
Deposits in Albanian banks increased to 1,441 billion leks from 1,293 billion leks at the end of February 2021.
The total assets of the country's banking system grew to 1,768 billion leks as at end-February, compared with 1,586 billion leks a year earlier.
Return on assets fell to 0.90 billion leks from 1.29 billion leks. Return on equity also decreased, to 7.85 billion leks from 11.59 billion leks.
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 January.
(1 euro= 119.884 leks)
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