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The new loan continued to expand in April despite the increase of the key interest rate by the Bank of Albania and inflation to record levels.
Compared to last year, new credit was 39% higher, at ALL 23.4 billion, the highest figure in the last seven years.
For the first four months of the year, new credit reached ALL 89 billion, not slowing down. In contrast to March, public corporations, mainly those in the energy system, have returned to credit to meet import needs, while strong growth continues from private businesses.
Businesses received more loans to buy equipment in April, while reducing real estate investments. The opposite is true for individuals, who continue their trend to invest in real estate, while consumer credit also stands at high rates.
Also from the figures of credit in euros is always gaining even more ground. In the last four months, the banking sector provided 365 million Euros in new loans, an increase of 57% from last year, while the institutions in the country follow a de-euroization policy.
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