Albania: Financial System Stability Assessment
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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. 2014/079
Subject:
Banking Commercial banks Currencies Financial institutions Loans Money Mutual funds Nonperforming loans
English
Publication Date:
March 19, 2014
ISBN/ISSN:
9781484338797/1934-7685
Stock No:
1ALBEA2014002
Pages:
95
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