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BoA releases money supply data

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TIRANA, Dec.5- BoA released data concerning some important macroeconomic indicators. The deposit portfolio of commercial banks operating in Albania rose by 1.0% on the month to 329.274 billion Albanian leks ($3.98 billion/2.72 billion euro) at the end of October, the central bank said on Monday. The credit portfolio of commercial banks in Albania totalled 262.277 billion leks ($3.17 billion/2.16 billion euro) at the end of October, up by 3.0% from a month earlier. The banks’ loan portfolio increased by a monthly 3.2% in September. At the end of October, bank lending was 51.6% higher than a year earlier.

Money supply
Albania’s M3 broad money supply totalled 718.979 billion leks ($8.7 billion/5.95 billion euro) at the end of October, up by 0.5% from a month earlier, central bank statistics indicated on Monday. BoA auctioned 6.0 billion leks ($72.66 million/49.59 million euro) in seven-year Treasury notes on behalf of the Finance Ministry said. The T-notes, offered by the Finance Ministry, bear a 10.25% coupon. They carry an issue date of December 7 and mature on December 7, 2014. The Finance Ministry will release the results of the auction later this month. The central bank holds auctions for two-year T-notes every month. It also hold its weekly auctions for three-month T-bills and auctions six-month and 12-month T-bills twice a month. Every three months it holds auctions for three-year and five-year T-notes.

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Prof. Dr. Alaa Garad is President and Founding Partner of the Stirling Centre for Strategic Learning and Innovation, University of Stirling Innovation Park, Scotland. He is actively engaged in health tourism, higher education and organisational learning across the Western Balkans, including the Global Health Tourism Leadership Programme in Albania.

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