Albania : Financial System Stability Assessment

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

March 19, 2014

Electronic Access:

Free Full Text (PDF file size is 1237 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper discusses the Financial System Stability Assessment report on Albania. The IMF report states that the Albanian economy is weak, macroeconomic imbalances are large, and the financial sector faces several risks. Capital-to-asset ratios are sizable, but banks hold large amounts of government bonds that expose banks to sizeable losses in case of a sovereign debt re-pricing and balance sheets have deteriorated as a result of a rapid increase of nonperforming loans (NPLs). The authorities have taken steps to reduce the existing stock of NPLs with technical assistance from the World Bank.

Series:

Country Report No. 14/79

Subject:

English

Publication Date:

March 19, 2014

ISBN/ISSN:

9781484338797/1934-7685

Stock No:

1ALBEA2014002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

95

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