by AgroWeb on March 7, 2017

Banks increase lending, despite 2016 losses

Savings and Credit Associations in Albania have significantly increased crediting in rural areas during 2016, according to Central Bank. Last year, crediting amounted to 5.5 billion Lek or up by 14.3 percent compared to 2015. Deposits in Savings and Credit Associations were up by 30 percent, meeting almost 88 percent of crediting needs. Central Bank says that Savings and Credit Associations are ...

by AgroWeb on February 2, 2017

Albania central bank holds rates, promises more stimulus

Albania's central bank held its key benchmark rate at a record low of 1.25 percent on Wednesday and promised to continue providing economic stimulus until October to support investments and consumption. The bank, which has cut the rate from 6.25 percent at the end of 2008, expects average annual inflation of 2.3 percent in 2017, slightly below the bank's target of 3 percent but up from 1.3 percent...