The Bank of Albania released data in February, highlighting key trends in lending and deposit interest rates. The overall average interest rate for all loans remained steady at 4.73 percent, mirroring the previous month’s figure. Notably, the annual interest rate decreased by 0.45 percentage points.
Conversely, the average interest rate for total deposits experienced a slight monthly decline of 0.01 percentage points, maintaining a consistent annual rate of 2.19 percent. This indicates a stable environment for savings accounts. Despite this, the average interest on recently approved loans saw a monthly increase of 0.22 percentage points, rising to 4.69 percent.
Additionally, the annual interest rate on these loans increased by 0.06 percentage points. New deposits, however, witnessed a monthly rise in the interest rate of 0.08 percentage points, settling at a steady annual rate of 2.41 percent. The Bank of Albania’s report underscores the ongoing adjustments within the financial sector, with variations observed across loan and deposit interest rate categories.
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