Credins continue to grow – The company expands its assets by 14% in Q3

Even in the third quarter of this year, Credins bank grew at a satisfactory pace. The latest financial indicators, published by the institution itself show that, at the end of September this year, total assets reached the figure of ALL 239 billion, an increase of about 14% compared to the same period a year ago.

Regarding the main activity of the bank, credit to the private sector remains the main pillar, with ALL 108 billion of the total portfolio, increasing by 7.35% compared to the same period last year, according to data published by the bank itself. The Bank also reports a total of ALL 154 billion in customer deposits, an increase of 8% compared to the end of September 2019.

The share of the bank’s assets, apart from the loan, consists, by weight, of securities, with ALL 68 billion, and the cash register and the central bank with about ALL 35 billion. All three of these items account for about 87% of the bank’s total assets. Credins is the third largest bank in Albania. At the end of September, Credins Bank had 58 branches and 949 employees in total, a slight increase compared to the same period a year earlier.

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