BoA to review bank credit activities

TIRANA, Sept.10- The supervising Council of the Bank of Albania will review next week a report entitled, “On the crediting activity and deposits in the Albanian banking system for the first half of 2007.” The meeting will analyze ongoing business projects throughout the country during the second quarter of 2007, the situation of foreign exchange reserves and the investment levels for July 2007 as well its own internal activity for the period April-June 2007. BoA governor, Ardian Fullani, last week warned second level banks about the scarce transparency in their credit procedures as well as for delays in their financial reporting. BoA has often warned about banking activities and high credit levels that can cause serious problems for the Albanian economy.