Lending in Albania drops: Central Bank

Lending in Albania drops: Central Bank

The Report on Lending for the third quarter of the year published by the Bank of Albania suggests a decrease in lending for businesses operating in the country. Meanwhile, the report adds that lending for individuals grew and this includes consumer loans and mortgage loans.

On the other hand, in the last quarter of the year, banks are expecting to apply similar standards to the third quarter regarding business loans, while for individuals, they’re expected to soften them even further.

According to banks, demands for loans are expected to be higher in the third quarter for both businesses and individuals alike. /ibna/