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Feb 16, 2022 11:48 EEST
February 16 (SeeNews) - The net profit of Albania's banking sector increased to 21.6 billion leks ($200.7 million/176.9 million euro) in 2021, compared with 16.9 billion leks in 2020, the Albanian Association of Banks (AAB) said.
The outstanding loan portfolio of banks in Albania grew to 671.0 billion leks at the end of December, from 608.9 billion leks a year earlier, AAB said in a monthly report on Monday, quoting data of the country's central bank.
The ratio of problem loans to total loans fell to 5.65% at the end of 2021 from 8.11% a year earlier.
Deposits in Albanian banks increased to 1,433 billion leks last year compared with 1,286 billion leks at the end of 2020.
Albanian banks' total assets grew to 1,774 billion leks as at end-December, compared with 1,581 billion leks a year earlier.
Return on assets increased to 1.42 billion leks from 1.20 billion leks. Return on equity also rose, to 12.88 billion leks from 10.64 billion leks.
The figures comprise the financial results of 12 Albanian banks. Banka Kombetare Tregtare (BKT) is the largest among them in terms of assets.
(1 euro= 120.009 leks)
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