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Citizens and businesses seem to be showing more responsibility before the holidays and festivities to pay off their debts first.
According to the Bank of Albania's financial health indicators, loan payments were more regular in November, causing non-performing loans to total loans to fall to 4.19% in November, a slight improvement at the end of the year.
Rising incomes and more stable employment appear to have strengthened individuals' solvency. Meanwhile, the reduction in interest rates in Q2 2025 had an impact by reducing credit costs and helping citizens repay loans more easily.
Not only the impacts of the Bank of Albania's monetary policy and the performance of the economy, but also the restructurings that banks carry out are affecting this ratio of non-performing loans.
The total loan portfolio provided by the 11 commercial banks in the country at the end of November was 855.5 billion lek, of which 38.7 billion were loans not repaid on time.
Loans have increased significantly in recent years, as has their value, with a dominance of home loans. The IMF mission has embraced measures to restrict borrowers from taking out new real estate loans, which the mission says fills a previous gap and should become a permanent tool.
The cleaning up of banks' portfolios and the faster recovery of old loans seem to be yielding results. The indicator confirms that the banking system is entering a more financially stable phase./ TCH
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