Several EU banks have left Albania, and this has already given its first negative effects on the economy.
The IMF declared that this has reduced the supply, as the level of crediting dropped with 20 billion ALL, or 160 million EUR.
The total loan given by banks in November for businesses and individuals dropped to 534 billion ALL, from 554 billion that it was exactly one year ago.
EU originating banks have been the main creditors of the economy, but many of them left after the crisis of 2008, reducing their exposure in Balkan, including Albania.
According to the IMF, another reason why Albania is facing a stalemate with the crediting is the high level of informality and poor law implementation.