Investment lending increased by 6% in Q1

Loans to busisnesses for investment increased by 5.8% in the first quarter of this year.

The Bank of Albania has carried out an analysis of quarterly lending periods, excluding the effect of depreciating portfolios on lost loans as well as the exchange rate effect.

With these adjustments, the business loan portfolio grew by 4.3% compared to the first quarter of last year.

The product that made the main contribution to this growth was investment loan, especially in the industry sector.

These developments have led to a slight change in the portfolio of investment lending businesses to, which reached 56% from 55% a year earlier.

However, the best lending rates, even in the first quarter of this year, were realized in the segment of individuals.

Cleared by the depreciation and Exchange rate effect, household loans grew on average by 8.4% in the first quarter of the year.

The growth of the first quarter was mainly driven by housing loans, an annual growth of 6.2%.

The positive performance of the loan portfolio for households continues to be sustained by the steady increase in demand, although in the recent survey of credit activity, there is a tightening tendency in lending standards.

Over the first quarter, interest rates on household loans have maintained the low levels of the previous quarter, both for both euro and lek denominated loans.

SCAN

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