IMF urges Bank of Albania to stop loans rally
Uncategorized Tuesday, February 27th, 2007Tirana, 27 Feb. 2007 (AENews) – International Monetary Fund (IMF) has
advised Albania to bring under control the “mad credit rise rate”, urging for strong
measures to halt further increase in loans to private customers.
IMF suggested that commercial banks, which have raised
their loans portfolio to more than 56% in 2007, should be more prudent in offering high
risk products such as customer loans. IMF has asked for Bank of Albania to exercises pressure toward commercial banks to increase their shareholder’s
equity, to suspend advertising for loans as well as suspend investments for
branch network enlargement.
Short URL: http://www.albanianeconomy.com/news/?p=235
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on Feb 27 2007. Filed under Uncategorized.
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