Banks increase lending abroad as domestic credit struggles to recover

Tirana Times
By Tirana Times October 5, 2017 11:44

Banks increase lending abroad as domestic credit struggles to recover

Story Highlights

  • Central bank data shows lending to non-residents increased by an annual 15.5 percent at the end of the first half of 2017 when it reached a total of 69 billion lek (€509 million), accounting for 11.6 percent of total credit at the end of June 2017. By contrast, credit to local businesses was down by 5 percent year-on-year and slightly grew by 3.7 for local residents

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TIRANA, Oct. 5 – Commercial banks operating in Albania continued to increase their lending abroad in the first half of this year when credit to domestic businesses and households slightly

Tirana Times
By Tirana Times October 5, 2017 11:44