TIRANA (Albania), June 11 (SeeNews) – The net profit of Albania's banking sector fell to 5.9 billion leks ($54.5 million/48.2 million euro) at the end of April, from 6.1 billion leks a year earlier, the Albanian Association of Banks (AAB) said on Tuesday.
The Albanian banking sector's outstanding loan portfolio shrank to 558.7 billion leks, from 593.3 billion leks at the end of April 2018, AAB said in a monthly report, citing data of the country's central bank.
The ratio of problem loans to total loans dropped to 11.46% from 13.5%.
Deposits in Albanian banks slightly increased to 1,148 billion leks at the end of April from 1,146 billion leks a year earlier.
The total assets of Albania’s banking system decreased to 1,421 billion leks from 1,429 billion leks.
Return on assets (ROA) slightly rose to 1.31 billion leks from 1.30 billion leks. Return on equity fell, to 12.14 billion leks from 12.4 billion leks.
The figures comprise the financial results of 14 Albanian banks, as compared to 16 in 2018. The largest by assets among them are Banka Kombetare Tregtare (BKT) and Raiffeisen Bank Albania.
(1 euro = 120.891 leks)
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