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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%.
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Posted by editor
on Dec 12th, 2008 and filed under Banking & Finance, Top News.
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