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Non-performing loans in Albanian banking system on the rise

Xinhua, September 7, 2016 Adjust font size:

The non-performing loans in the Albanian banking system registered further growth in July, data published by the Central Bank here showed Tuesday.

The level of non-performing loans reached 21.2 percent in July, hitting a new high in one year, Bank of Albania said.

At the end of 2015, the level of the bad loans fell to 18.2 percent and experts expect such a downward tendency to continue. x But, unlike expectancies, the level of the non-performing loans is going up.

It seems that the decline recorded at the end of 2015 was mainly due to the fact that the second-tier banks wrote-off the lost loans from their balance sheets.

However, Bank of Albania deems the Albanian banking system well-capitalized and liquid enough to credit the economy. Endi