Bank’s Loan Portfolio Rises 39% in January

TIRANA, April 01–The loan portfolio of commercial banks in Albania totaled 402.6 billion ALL (4.1 billion USD; 3.1 billion EUR) at the end of January, up by 1.6 percent from a month earlier and 39 percent higher than January 2008, BoA’s statistics indicated on Wednesday.
At the end of 2008 the banks’ credit portfolio totaled 396.3 billion ALL, up by 37.8 percent on the year. At the end of 2007 the banks’ credit portfolio was 0.6 percent higher than a year earlier.
Statistics in billions of ALL
January’09 January’08 2008
Total credits 402.570 289.288 396.264
-to public non financial corporation 13.328 8.855 12.899
-to other non financial corporation 246.435 180.194 242.050
-to financial corporation 0.341 0.137 0.376
-to resident sectors 142.464 104.815 140.938
Albania’s 17 commercial banks serve a market of some 3.2 million people.