
Recently, the Albanian economy has experienced a significant increase in total credit, reflecting a stable development and increased confidence in the financial sector. According to the latest data from the "Bank of Albania", the total loan reached 812.8 billion ALL in September 2024, with a significant increase of 12% compared to September 2023, but the growth has slowed down compared to August current year. In the span of one month, the total loan has recorded a slight increase of 0.1%
If we talk in absolute figures, it turns out that in the time frame of one month the credit has increased by about 558 million ALL, while in the time frame of one year it registers an increase of 87 billion ALL.
The annual increase is mainly attributed to the expansion of lending to "Other financial corporations". On the other hand, credit for business has also recorded a significant increase. From about ALL 407 billion in September of last year, it has increased by about ALL 52 billion in September of this year, reaching about ALL 460.49 billion.
The annual increase of 13% in business loans was mainly supported by an increase in loans in ALL, which reached 213 billion ALL, from about 188 billion ALL, while business loans in foreign currency also showed a significant increase, compared with September of 2023.
If we analyze the figures compared to the month of August of this year, we see that the credit for business has recorded a decrease of 0.01% in September. The data of the "Bank of Albania" show that the decline was influenced by the loan in foreign currency, which recorded a decrease of 0.42% compared to the month of August of the same year.