ProCredit Bank Albania’s pre-tax profit soars 73% in 2023

The lender's loan portfolio totalled 265 million euro at the end of December, a 5.3% increase from a year earlier, ProCredit Bank Holding said in an interim statement.

The bank's deposit portfolio grew by 19% year-on-year to 33 billion leks (318 million euro) at the end of December, the Albanian banks' Association said earlier in a quarterly report.

Total assets increased to 44.3 billion leks as at end-December, from 40.1 billion leks a year earlier.

ProCredit Bank was the tenth largest lender by assets among 11 banks that operated in Albania in the fourth quarter of 2023, according to the Albanian banks’ association.

($ = 0.920 euro)