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Albanian banks' net profit rises in Sept

Albanian banks' net profit rises in Sept cozyta/

TIRANA (Albania), November 11 (SeeNews) – The net profit of Albania's banking sector rose to 15.03 billion leks ($134.0 million/121.6 million euro) as at the end of September, from 14.3 billion leks a year earlier, the Albanian Association of Banks (AAB) said.

The Albanian banking sector's outstanding loan portfolio shrank to 573.0 billion leks, from 586.3 billion leks at the end of September 2018, AAB said in a monthly report on Friday, citing data of the country's central bank.

The ratio of problem loans to total loans dropped to 10.61% at the end of September from 12.9% a year earlier.

Deposits in Albanian banks decreased to 1,172.3 billion leks , from 1,174.1 billion leks at the end of September 2018.

The total assets of Albania’s banking system fell to 1,451.8 billion leks from 1,467.7 billion leks.

Return on assets (ROA) edged up to 1.49 billion leks from 1.40 billion leks. Return on equity (ROE) also increased, to 13.69 billion leks from 12.9 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 = 122.605 leks)