Tirana, 9 June 2011 (albanianeconomy.com) Association of Banks of Albania expressed publicly concern over the difficulties experienced by several banks in confiscating and liquidating the collateral of the underperforming loans, urging the government to facilitate the procedures.
Banks in Albania experienced another weak earnings month in April despite robust growth in deposits and loans while the nonperforming loans showed the fastest monthly increase since January, statistical data collected from the Central Bank shows.
Increasing nonperforming loans in Albania diminished the net earnings of the country’s banking system during the first quarter 2001 as loan loss provisions continued to raise, statistics published by the Central Bank shows.
The government of Albania had suspended its plans to increase the corporate profit tax rate for companies that have profit rates higher than 20 per cent of their turnover and is trying to modify the initial proposal, unofficial sources from the Ministry of Finance told to local television Top Channel on Friday
Tirana, 21 February 2011 (AENEWS) – Banking industry in Albania managed to increase profits by 89 per cent during 2010 despite a strong deterioration in underperforming loans, data from Association of Banks shows
Banks in Albania managed to earn 660 million lek, (5 million euro) in the first six months of 2009, thanks to better results achieved in June, statistics published from Albanian Banks Association shows.
Albania’s banking system registered net losses of 869 million leks (6.56 million euro) in April, down from net earnings of 275 million lek in March, data from Albanian Banks Association show.
Albania’s government watch dog Competition Authority has opened an investigation into the public debt market based on suspicions that some local banks are running abusive practices.
Albania’s banking system registered net losses of 869 million leks (6.56 million euro) in April, down from net earnings of 275 million lek in March, data from Albanian Banks Association show.
Tirana, Jan. 7, 2008 (AE) – Bad loans jumped by more than 15 million euro in November as economic condition worsened in Albania, data from Association of Banks in Albania shown.
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