Assets of Credins Bank in Albania marked a 10% growth in one year
According to data published by the bank itself, the total assets at the end of June reached the value of ALL 185 billion or nearly 1.5 billion euros.
Credins is consolidating its position as the third largest bank in Albania and has expanded assets by ALL 17 billion compared to the same period a year ago. However, in the first half of this year, portfolio growth has been slow, same as for the entire banking system.
Credins Bank’s loan portfolio continues to be dominated by business, construction and other services.
During this year, the growth of Credins assets was mainly based on risk-free assets, especially in securities. The portfolio of bank securities has reached about ALL 30 billion, up 67% compared to the previous year.
On the other hand, Credins is getting better positioned in the deposit market.
The total value of customer deposits reached ALL 154 billion, an annual growth of 7%. The bank’s financial result was positive for the first semester. The net profit was ALL 21 million.
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