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Albanian banks net profit rises 28% in Jan-Aug

Albanian banks net profit rises 28% in Jan-Aug Capricorn Studio/

TIRANA (Albania), October 12 (SeeNews) - The net profit of Albania's banking sector in the seven months through August increased to 13.25 billion leks ($124.6 million/107.7 million euro), compared with 10.37 billion leks in the same period of last year, the Albanian Association of Banks (AAB) said.

The Albanian banking sector's outstanding loan portfolio grew to 633.0 billion leks at the end of August, from 592.3 billion leks a year earlier, AAB said in a monthly report, quoting data by the country's central bank.

The ratio of problem loans to total loans fell to 6.96% from 8.13%.

Deposits in Albanian banks increased to 1,370 billion leks at the end of August from 1,242 billion leks a year earlier.

The total assets of the country's banking system grew to 1,697 billion leks as at end-August, compared with 1,543 billion leks a year earlier.

Return on assets (ROA) increased to 1.30 billion leks from 1.27 billion leks. Return on equity also rose, to 12.02 billion leks from 11.32 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= 119.593 leks)