Banks’ profits surge as credit struggles to recover

Tirana Times
By Tirana Times August 7, 2017 16:57

Banks’ profits surge as credit struggles to recover

Story Highlights

  • Central bank data shows the 16-overwhelmingly foreign-owned banks operating in Albania posted record high profits of 11.5 billion lek (€85.2 mln) in the first half of this year as non-performing loans hit a 6-year low of 15.58 percent.

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TIRANA, Aug. 7 – Albania’s commercial banks posted record high profits in the first half of this year as non-performing loans hit a 6-year low fuelled by the ongoing write-off

Tirana Times
By Tirana Times August 7, 2017 16:57