Albanian banking system shows signs of improvement in H1, 2017: BoA

Source: Xinhua| 2017-10-02 23:00:31|Editor: Mu Xuequan
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TIRANA, Oct. 2 (Xinhua) -- The indicators of the financial performance, capitalization and liquidity of the Albanian banking sector marked an overall improvement in the first half of 2017, the Bank of Albania said Monday.

In its financial stability report, central bank experts noted that the activity of the banking sector and financial system in general was stable during the first six-month period of 2017.

According to them, sector's ability to withstand potential activity risks that may jeopardize its stability appeared good too.

"However, the analysis of determinant factors and stress test exercises suggest the need for on-going monitoring of their performance over time," bank experts underlined.

They further noted in the report that developments in the banking sector during the period also showed a significant improvement of the credit quality and affirmed the importance for the continuation of monitoring process.

They added that the target of BoA report was to identify and assess the risks that financial system faces with and its infrastructure in order to give to the public authorities the opportunity of identifying the relevant measures for the necessary corrections.