The data published by the Central Bank of Albania reveal that the rate of bad debt recorded a further decline of 0.2% in February, reaching the 18.03 percent share of the total portfolio of loans by financial institutions operating in the country. The decline, according to experts, is mainly due to the cancellation of the bad debt from banks balance sheets. During 2016, the amount of charged-off loans amounted to 14.6 billion lek (about 107 million euro), in addition to 26.7 billion leks (197 million euro) canceled in 2015. At the end of last February, the amount of bad debt was about 98 billion lek (about 715 million euro).
(ITALPRESS).

Source: medNews