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Albanian banks report net profit of 168 mln USD in 2018
Last Updated: 2019-02-09 10:02 | Xinhua
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The Albanian banks reported a net profit of 18.4 billion Albanian lek (168 million U.S. dollars) in 2018, the Bank of Albania (BoA) said in its latest report.

According to the Bank of Albania, 2018 was profitable despite a year-on-year 17-percent decline from a year ago.

The interest, which is the main source of income for the banks, has been stable. In 2018, net interest income declined by 1 percent compared to 2017, said BoA.

In 2018, the banks did not generate net income from commissions and foreign exchange. The foreign exchange losses for the banking system in 2018 were over 12 billion Albanian lek (109.5 million U.S. dollars).

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