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Albanian banks' net profit falls in July

Albanian banks' net profit falls in July cozyta/

TIRANA (Albania), September 11 (SeeNews) – The net profit of Albania's banking sector fell to 12.2 billion leks ($110.0 million/99.6 million euro) as at the end of July, from 12.6 billion leks a year earlier, the Albanian Association of Banks (AAB) said.

The Albanian banking sector's outstanding loan portfolio shrank to 566 billion leks, from 584 billion leks at the end of July 2018, AAB said in a monthly report earlier this week, citing data of the country's central bank.

The ratio of problem loans to total loans dropped to 11.2% at the end of July from 13.4% a year earlier.

Deposits in Albanian banks increased to 1,152.3 billion leks at the end of July from 1,150.4 billion leks a year earlier.

The total assets of Albania’s banking system decreased to 1,432 billion leks from 1,439 billion leks.

Return on assets (ROA) fell to 1.54 billion leks from 1.6 billion leks. Return on equity (ROE) also decreased, to 14.14 billion leks from 14.6 billion leks.

The figures comprise the financial results of 13 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 = 120.654 leks)