Albania’s Borrowing Cost Increases

Tirana, Dec. 12, 2008 (AENews) – The cost of borrowing in the Albanian intra-bank market reached a multi year high last week as a result of worsening liquidity conditions, statistics of Bank of Albania show.

In the last auction held on Dec. 2 for treasury bills, demand was tight, as a result yields increased by 24 base points compared to the previous auction. Maximum yield reached a multi year high of 8.59 per cent for a 12 months treasury bills.

Tirana interbank bid rate (TRIBID) for one day term reached 5.08% this week, while Tirana interbank offer rate, (TRIBOR) for one day term reached 6.82%.

Short URL: http://www.albanianeconomy.com/news/?p=882

Posted by editor on Dec 12 2008. Filed under Banking & Finance, Top News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry