Banks, 14.3 billion ALL bonds on sale
27/02/2012 09:10
The Washington Agreement Must Be Reactivated! 06/01 19:04
The Albanian bank is expected to organize an auction for the sale of 11
billion ALL in 1-year-term treasury bonds, and 4.3 billion ALL of
three-month-term bonds, an auction with considerable proportions that
will test the banks’ ability to control the interest rates.
The Treasury bond interests in the last 12 months increased with 7.21%, with the banks’ appetite to invest in public debt resulting low.
The bonds’ progress in the next auction could cause an obligatory reaction of the government towards the banks. The Ministry of Finances has warned that they will start a public awareness campaign for convincing the Albanians to invest their savings in the public debt, if the banks refuse to invest.
As the daily newspaper “Shqip” reports this Monday, some banks have started withdrawing from the public debt, in order to improve their risk diversification.
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