Loan portfolio has declined
THE CREDITING activity to the Albanian economy registered a drop in the first six months of 2017, official statistics released by the Albanian central bank showed yesterday. The total loan portfolio in the end of June was worth 543.5 billion lek (R63.62bn) or nearly 1bn lek less than the same period of a year ago, according to data. Economy experts told local media yesterday that the decline in value of total crediting portfolio showed that a large part of new loans were actually renovation of overdraft or existing loans’ restructuring. The total value of loans used by private sector in the country was not growing while businesses remained more problematic in terms of loan payment.