Loan port­fo­lio has de­clined

The Star Early Edition - - BUSINESS REPORT -

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.

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