Albania’s Tirana Bank net profit almost doubles in Q3 y/y

Total assets increased to 126.7 billion leks, from 111.5 billion leks at the end of September 2022, Tirana Bank said in an interim financial report last week.

The lender’s loan portfolio totalled 54.6 billion leks at the end of September, up from 52.5 billion leks a year earlier, the Albanian banking association said earlier.

Tirana Bank’s deposit portfolio rose to 106.2 billion leks as at end-September, from 92.8 billion leks a year earlier, according to the association.

Tirana Bank was the seventh largest bank among eleven banks operating in Albania at the end of September, holding 6.6% of the total assets of the country's banking system.

(1 euro= 104.109 Albanian leks)