“Albanian Banking Sector is well-capitalized, liquid and profitable”- writes International Monetary Fund in the last report about Albania, adding that, regardless of these strong points there is needed more efforts to improve elasticity.
“Financial sustainability indicators are improved, with average rates of capital and assets that have exceeded the minimum required from banking regulators” – it is expressed between the lines. The liquidity of banking sector is evaluated very high, but this also comes because of lending weakening.
IMF also highlights challenges of banking sector. One of the challenges is new, which is referred to European banks exiting the domestic market. This fact increases the challenges regarding supervision, expresses the institution based on Washington. IMF clarifies that, leaving or the plan of the European banks to leave Albania during the last 2 years is the result of their strategy to get out from the South Eastern Europe region and Balkan.
Banks ownership is being transferred to domestic banks and to non-european groups, highlights the institution.
IMF also focuses to Albanian Securities Exchange. Development of capital markets will strengthen financial intermediation and support the domestic economical development.
Capital Markets in Albania are expanding, but are limited only in government securities and inside trade.
Roel Korkuti/SCAN
