BREAKING NEWS

Ilir Demalia sheds light on the scenes: I tell you the trap that Edi Rama is setting for 'Re-establishment', the real reasons for Bardhi's group's distance from Lulzim Basha, the panic that has erupted within them and the bitter news that awaits Sali B...

Ilir Demalia sheds light on the scenes: I tell you the trap that Edi Rama is
x
BREAKING NEWS

Idajet Beqiri: The investigations into the 'CEZ-DIA' file are over, in addition to Meta, Berisha and Shkëlzen, an American lawyer is at risk of handcuffs, the former president is preparing for the dark days in SPAK, here is the strategy he is following...

Idajet Beqiri: The investigations into the 'CEZ-DIA' file are over, in
x
BREAKING NEWS

Rama-Meta-Berisha sit together at the market table to monitor SPAK and overturn the justice reform, this is why the "Bermuda Triangle" has been alerted

Rama-Meta-Berisha sit together at the market table to monitor SPAK and overturn
x
BREAKING NEWS

The organizing group of the arms business in Gërdec is about to sink, the prosecutors are expected to take the facts from the American Justice in their hands, the order letters in the USA are launched, information will also be obtained about Patrick He...

The organizing group of the arms business in Gërdec is about to sink, the
x
BREAKING NEWS

Daut Gumeni: This is why the socialists and Gentiana Sula blocked the opening of Ilir Metaj's spy file, we expect that the "syringe with sea water" that the DASH senior official injected into SPAK prosecutors will lead to the arrest of "heavyweights"

Daut Gumeni: This is why the socialists and Gentiana Sula blocked the opening of
x
BREAKING NEWS

The scandal erupts, the Parliament of Albania is accused of voting without a quorum on the Law on Strategic Investments, this is how the Constitution was overturned by the majority, the fraud is revealed

The scandal erupts, the Parliament of Albania is accused of voting without a
x
BREAKING NEWS

The dubious wealth of the "sheikh" of the Assembly Laert Duraj who challenges the old "wolves" in politics, apartment 200 thousand euros, 11 bank accounts, staggering profits from rent, 180 thousand euros from property sales, how he justified the milli...

The dubious wealth of the "sheikh" of the Assembly Laert Duraj who
x
BREAKING NEWS

Here are the deals of the SP and Reestablishment, how they are defending the corruption of Klodian Allajbeu and Vilma Nushi, thefts with "Hemodialysis", "Check Up", "Laboratories" and "Sterilization" are proven, arrests are expected from SPAK

Here are the deals of the SP and Reestablishment, how they are defending the
x

Opinion / Editorial

Why did the lek loan increase?

Why did the lek loan increase?

According to the Bank of Albania, at the end of November 2020, the total credit granted to the economy amounted to almost ALL 600 billion or EUR 4.88 billion. The new loan recorded an annual increase of 5 percent, compared to November 2019, or 244 million euros more. The easing measures taken by our central bank created calm financial markets and stimulating money conditions for entrepreneurship. Loan interest rates for households and businesses anchored at low levels, with a stable exchange rate of the lek against the euro and the dollar. Overall, lending to the private sector increased by an average of 6.7 percent during 2020, supported by the increase in lek loans. Credit in our currency reversed the negative ratio of previous years, passing for the first time to more than half of the total loan (50. 2 percent in ALL). This addition gives encouraging signs for the increase of the effectiveness of the monetary policy of the Bank of Albania. And with it the increase of financial stability of the country. The banking sector, with its 12 commercial banks, has made a positive contribution to coping with the crisis. The increase in lending has helped liquidity businesses and households in temporary difficulties, as well as supported the continuation of investments. The postponement of loan installments for six consecutive months (March-August 2020) for certain categories of borrowers and the restructuring of loans for other categories, has shifted part of the burden and stress of borrowers on the balance sheets of the banking sector. However, the increase in the number of infected in the cold months of December 2020-half of January 2021 and the partial reinstatement of restrictions have somewhat slowed down consumption and economic activity. Nevertheless, we closed 2020 with a much smaller economic downturn than the European Bank for Reconstruction and Development predicted with 9 percent of national output. We fell 6 percent, or 360 million euros less. With the arrival of half a million Pfizer vaccines in the coming months, our central bank expects a gradual increase in consumption in January-April 2021. And hence the progressive increase in economic activity. Taking hand in hand with key countries for our economy, such as Italy and Greece, we are also expected to grow economically in the first half of this year by at least 3 percent, compared to January-June 2020, to continue with a much stronger increase in July-December 2021, when life will slowly begin to return to its normal dimensions. And with it the consumption. Our central bank, with its policy of encouraging lek lending, is concretely helping to return the country to normalcy. It eased the money policy and increased the amount of money in circulation and in the banking channels, aiming at the normal functioning of the financial market. Which he did, albeit in the midst of a thousand difficulties. The financial stability of our country, even though we are going through the most challenging economic period after 1997, has not been affected and this is evidenced by the most conservative institution in world finance, the International Monetary Fund. By easing monetary policy, The Bank of Albania managed to alleviate the cost of paying the public debt (a debt today over 10 billion euros), as well as to help increase lending and stimulate consumption and investment. The central bank temporarily facilitated the implementation of the operating regulations of the banking sector, encouraging the timely postponement of the payment of loan installments and their restructuring. From this move was placed in the moratorium over 40 percent of the loan portfolio. So, for over 800 million euros in loans, installments and interest were not repaid for 6 months. This eased the financial burden on businesses and families in temporary difficulties with over 68 million euros. Also, over 25 thousand bank clients have benefited from the loan restructuring, increasing the sustainability of their long-term business plans and strengthening the relationship of trust with commercial banks, to obtain new loans in the future and to develop. In parallel, the Bank of Albania suspended the distribution of dividends to the banking sector during 2020, in favor of capital growth and the stability of this sector. It eliminated the costs of using the infrastructure of electronic payment systems to and from the central bank, aiming to expand the use of these instruments and reduce the cost of transactions. All these measures and facilities led to the growth of lek credit, which is a guarantee for the development of our economy and the fairer transmission of monetary policies by the Bank of Albania. to take out new loans in the future and to develop. In parallel, the Bank of Albania suspended the distribution of dividends to the banking sector during 2020, in favor of capital growth and the stability of this sector. It eliminated the costs of using the infrastructure of electronic payment systems to and from the central bank, aiming to expand the use of these instruments and reduce the cost of transactions. All these measures and facilities led to the growth of lek credit, which is a guarantee for the development of our economy and the fairer transmission of monetary policies by the Bank of Albania. to take out new loans in the future and to develop. In parallel, the Bank of Albania suspended the distribution of dividends to the banking sector during 2020, in favor of capital growth and the stability of this sector. It eliminated the costs of using the infrastructure of electronic payment systems to and from the central bank, aiming to expand the use of these instruments and reduce the cost of transactions. All these measures and facilities led to the growth of lek credit, which is a guarantee for the development of our economy and the fairer transmission of monetary policies by the Bank of Albania. It eliminated the costs of using the infrastructure of electronic payment systems to and from the central bank, aiming to expand the use of these instruments and reduce the cost of transactions. All these measures and facilities led to the growth of lek credit, which is a guarantee for the development of our economy and the fairer transmission of monetary policies by the Bank of Albania. It eliminated the costs of using the infrastructure of electronic payment systems to and from the central bank, aiming to expand the use of these instruments and reduce the cost of transactions. All these measures and facilities led to the growth of lek credit, which is a guarantee for the development of our economy and the fairer transmission of monetary policies by the Bank of Albania.