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Historical drop of interest rates on savings by Albanian banks

By   /  03/05/2016  /  AL Finance, Albania, Finance, Headlines  /  Comments Off on Historical drop of interest rates on savings by Albanian banks

Tirana, 3 May 2016/Independent Balkan News Agency By Edison Kurani For the first time in the history of Albanian finances, the average interest rate on savings in ALL for all periods of maturity went down to 1%. In the latest report that it has published, the Bank of Albania says that the average interest rate […]

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IBNA Analysis/Does Albania have the necessary conditions to increase crediting?

By   /  04/03/2016  /  AL Business, Albania, Business, Headlines  /  Comments Off on IBNA Analysis/Does Albania have the necessary conditions to increase crediting?

Insights from the Governor of the Bank of Albania, Gent Sejko, the head of the Albanian Association of Banks, Christian Canacaris and the head of the Union of the Chambers of Commerce and Industry of Albania, Ines Mucostepa Tirana, 4 March 2016/Independent Balkan News Agency By Edison Kurani Albania is one of the less developed […]

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Bank of Albania interventions in the money market

By   /  08/01/2016  /  AL Finance, Albania, Finance  /  Comments Off on Bank of Albania interventions in the money market

Tirana, 8 January 2016/Independent Balkan News Agency Money market interventions during 2015 Q3 consisted in open market operations for injecting temporary liquidity. The total amount of injected liquidity averaged ALL 36.4 billion, from ALL 28.4 billion in the previous quarter and ALL 30.2 billion in the previous year. To inject temporary liquidity, the Bank of […]

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Lack of crediting may increase informality in Albania

By   /  07/12/2015  /  AL Finance, Albania, Finance, Headlines  /  Comments Off on Lack of crediting may increase informality in Albania

Tirana,  7 December 2015/Independent Balkan News Agency In Albania, the crediting of businesses and individuals is still low, although banks say that they are offering facilities in order  to increase cash circulation. The falling crediting is seen by the Bank of Albania as a risk for the growth of informality in the country. Governor of […]

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BoA cuts interest rates

By   /  05/11/2015  /  AL Finance, Albania, Finance, Headlines  /  Comments Off on BoA cuts interest rates

Tirana, 5 November 2015/Independent Balkan News Agency The Bank of Albania has decided to cut base interest rate by 0,25%. Governor of the Bank of Albania, Genti Sejko said that the base interest rate goes down from 2% to 1,75%. Explaining the reasons for this decision, Mr. Sejko said that expectations on the growth of […]

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Banks in Albania remove for the first time nonperforming loans from their financial statements

By   /  31/08/2015  /  AL Finance, Albania, Finance, Headlines  /  Comments Off on Banks in Albania remove for the first time nonperforming loans from their financial statements

Tirana, 31 August 2015/Independent Balkan News Agency For the first time in Albania, private banks have removed nonperforming loans from their statements. Sources from the Bank of Albania said today that that 11 billion ALL worth of nonperforming loans have been removed from their financial statements. This operation was dictated by a new regulation approved […]

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Reduction of nonperforming loans will boost lending, Bank of Albania says

By   /  11/08/2015  /  AL Finance, Albania, Finance, Headlines  /  Comments Off on Reduction of nonperforming loans will boost lending, Bank of Albania says

Tirana, 11 August 2015/Independent Balkan News Agency Bank of Albania says that the successful application of measures to reduce nonperforming loans, will make banks more eager to lend. During the second quarter of the year, the nonperforming loans portfolio reduced by 2 points , mainly in response to the regulatory measures taken by the Bank […]

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