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Mar 21, 2022 11:45 EEST
March 21 (SeeNews) - The net profit of Albania's banking sector fell to 954 million leks ($8.5 million/7.7 million euro) in January, compared with 1.6 billion leks in the same month of 2021, the Albanian Association of Banks (AAB) said.
The outstanding loan portfolio of banks in Albania grew to 670 billion leks at the end of January, from 606 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 5.45% at the end of January from 8.2% a year earlier.
Deposits in Albanian banks increased to 1,390 billion leks from 1,259 billion leks at the end of January 2021.
The total assets of the country's banking system grew to 1,773 billion leks as at end-January, compared with 1,582 billion leks a year earlier.
Return on assets fell to 0.71 billion leks from 1.37 billion leks. Return on equity also decreased, to 6.48 billion leks from 11.64 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= 122.289 leks)
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