Gap between deposits and loans changes

TIRANA, Dec 26 -In case you are thinking to finance your holiday period with a msall loan, think twice. Interest on personal and business loans have increased for both local currency and foreign exchange denominated loans. Second level banks have translated the central bank policies to strengthen the local currncy lek into higher interests for their loans. Deposits though sem to offer no better yilds to compensate tha change. A three-month lek-denominated deposit offers 3.65 percent while a six-month lewk-denominated loan goes at 15. 7 percent. Just between Augut and September loans with maturity period of 6 months increased by 3.7 percent.
Maturity period Interest
6 -12 months 13 %
1-3 years 16.2 %
> 3 years 11.7 %
Contrasting tendencies have been observed in regard to short term maturity loans and long term ones. The first ones have recorded lower interest, witht eh exception of 5-year loans denominated in euroes which have increased interest as well. There is still a significant difference in the imnterest offered for local currewncy denominated loands and foreign exchange denominated ones.