Fullani: Time of easy loans has gone

17/06/2011 08:00

Once it was the businesses who asked for loans and banks replied to
their demands. Four or five years earlier, the loans for the economy used
to grow with 60%, while today, after the crisis, it grows with only
10%. The conditions deteriorated and banks are being more careful, because
“problematic loans” have crossed the limits, reaching 60 billion ALL.

The insistence of Bank of Albania for encouraging banks to keep the crediting pace has given results by keeping alive the hopes of the businesses for making new investments.

But the situation appears different today, because banks want to give loans, but the business doesn’t accept them, due to uncertainties for the future.

A strong impact has been given by collateral executions that block the assets of businesses that have failed to liquidate loans in time.

The debate has involved big actors of the market, especially after the case of “Norga” beer. The private businesses ask the banks to be more mature when blocking their assets, while banks explain that they have no other solution.

At this point, the stance of the governor is being watched with much interest from both parties, for the side that he will decide take. The head of the Albanian Bank, Ardian Fullani, declared that those who take loans must pay and respect the contracts.

However, Fullani gave a clear message to the banks, saying that “For specific businesses, the decisions must be carried out very carefully”.

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