What are the richest cities in Albania

What are the richest cities in Albania

Tirana, 1 June 2015/Independent Balkan News Agency

Tirana remains the “richest” city in the country. The statistics of the Bank of Albania indicate an increase of deposits in Tirana n the first quarter of this year, at a time when in the majority of cities have not seen any change compared to the end of 2014.

During the first quarter of this year, compared to the December 2014 period, deposits in the banking sector have increased by 92 million USD.

Such figure is logical when it comes to the capital, where the largest economic activity is concentrated.

Detailed figures

At the end of the first quarter of 2015, the banking sector for Tirana results with 411.6 billion ALL worth of deposits. At the end of 2014, this figure was 405 billion ALL, with a total growth of 6 billion ALL or 65 million USD.

The biggest growth was registered by deposits in currency with 5,9 billion ALL, while the growth of deposits in ALL has been over 600 million ALL.

The second city with the biggest growth of deposits after Tirana is Durres, but compared to the capital, it’s very far. Namely, based on the figures of the Bank of Albania, there’s a growth of 8 million USD at the end of March 2015 for deposits in this city. Bank of Albania says that at the end of December 2014, deposits for this city were 86 billion ALL, while at the end of March 2015, they were 86,8 billion ALL.

On the third position is the city of Elbasan, with a total growth of deposits amounting to 688 million USD or little less than 6 million USD from the end of 2014 to the first quarter of 2015. According to the Bank of Albania, at the end of December 2014, deposits for this city were 86 billion ALL, while at the end of March 2015, they were 86,8 billion ALL.

Other cities with a minimum growth of deposits at the end of March are Lezha with 441 million ALL, Fier with 337 million ALL, Shkoder with 258 million ALL and Vlora with 177 million ALL. There is a general growth of deposits, especially in currency, whereby deposits in ALL have seen a drop compared to the last quarter of 2014. Apart from cities with a positive growth of deposits, we also have cities where the savings of the citizens and businesses have dropped. /ibna/