EC assesses banking sector – Report on T1: Sector stability continues to improve

The European Commission has recently published the economic performance for the first quarter of the candidate countries and potentially candidate ones, including Albania. In the section dedicated to the financial sector, the institution talks about a recovery of credit in the private sector. Credit to business and households has accelerated, the report says. In terms of interest rates on new loans, the average interest rate is fixed at 6.3% for lek loans and 4.2% for euro loans.

Overall, the stability of the banking sector continued to improve in the last quarter of last year while profit rates stabilized. “The non-performing loans rate on total loans fell to 8.3% in January this year, 3 percentage points lower compared to the same period last year “, – says the European Commission. Although there is a decrease in liquidity rates, they remain convincing beyond the level of a year ago, or even the required levels, underlines the European Commission.

SCAN

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