AlbanianEconomy.comYour News from Albania
Albania Banks Net Higher Profits (table)
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: Banks Show Major Losses
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 Banks Accused of Abuse
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: Banks Show Major Losses
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 Sees Bad Loans Increase
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.
Profitability of banks in Albania has decreased
Profitability of commercial banks in Albania decreased slightly during second quarter of this year, despite the fact that income tax rate in the country had been halved this year, data published by central bank shown.
BoA Tightens Credit Risk Management Rules
Bank of Albania tightened credit risk management rules this month, in order to reduce exposure of local banks to international financial crisis
