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Albanian banks credit portfolio in Q2 post 3 pct average annual growth

Xinhua, August 12, 2016 Adjust font size:

The bank credit portfolio marked an around 3 percent average annual growth in the second quarter 2016, thus confirming the positive trend of economy crediting in Albania.

This was confirmed by the Bank of Albania in a report published on Thursday. It explained this improved performance owes largely to the annual expansion by 6.4 percent of loans in national currency Lek.

Meanwhile, banks report showed that the portfolio of foreign currency credit remained almost unchanged from the previous year.

However, the Bank of Albania considers that the bolstering of demand and the further improvement of supply for credit remains a precondition for steady medium-term and long-term growth in Albania.

On the other side, the Bank of Albania is expecting the economic activity to improve progressively and return to equilibrium in the second half of 2017. Endit