TIRANA, July 7ؔhe deposit portfolio of commercial banks operating in Albania stood at some 614.25 billion Lek (4.74 billion euro) at the end of May, 0.2% higher than a year earlier, the Bank of Albania (BoA) showed on Tuesday.
The banks’ end-of-May deposit portfolio was 1.1% higher than a month earlier.
Details (in billions of Lek):
May’09 May’08 April’09
Total deposits 614.245 613.190 607.753
Lek deposits 350.903 357.590 345.528
FX deposits 263.341 255.600 262.225
Transferable deposits 58.555 53.292 57.412
Other deposits 277.355 286.800 273.055
The loan portfolio of commercial banks in Albania amounted to some 423.3 billion Lek (3.27 billion euro) at the end of May, 26.6% up from a year earlier, BoA statistics indicated.
On a monthly basis the banks’ May credit portfolio was 1.3% higher.
At the end of 2008 the banks’ credit portfolio totaled 396.3 billion Lek, a 35% increase on the year.
Details (in billions of Lek):
May’09 May’08 April’09
Total credits 423.339 334.327 418.002
Public non financial corporation 14.651 6.026 14.792
Other non financial corporation 261.619 205.071 256.899
Other financial corporation 0.401 0.187 0.379
Resident sectors 146.669 123.043 145.932
Loan to deposit ratio increased to 68.9%, a 14.4% increase on the year. Albania’s 16 commercial banks serve a market of some 3.2 million people.
The country’s M3 broad money supply totaled 816.4 billion Lek (6.3 billion euro) at the end of May, up by 7.7% on the year, according to BoA.
On a monthly basis M3 money supply was 0.7% higher at the end of May.
Details (in billions of Lek):
May’09 May’08 April’09
M3 money supply 816.433 758.150 810.570
M2 money supply 553.092 502.550 548.345
M1 money supply 275.736 215.750 275.289
Monetary base 270.701 214.370 272.079
