Albania commercial banks earn €148 mln amid slowly recovering credit

Tirana Times
By Tirana Times February 11, 2019 13:38

Albania commercial banks earn €148 mln amid slowly recovering credit

Story Highlights

  • When looking into detailed data by the Albanian Association of Banks, seven small commercial banks, including two Italian and Greek units that were taken over by internal competitors cutting the number of second-tier banks to 14 from a decade of 16, posted losses in the first three quarters of the year in an ongoing situation in the past few years amid sluggish credit and a declining but still high level of non-performing loans

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TIRANA, Feb. 11 – Commercial banks operating in Albania continue posting record high profits amid slowly recovering credit and a decline in non-performing loans. Bank of Albania data shows the

Tirana Times
By Tirana Times February 11, 2019 13:38