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What is ProCredit Bank Albania 2008 Financial Overview about?

ProCredit Bank Albania experienced strong growth in 2008. The bank opened 8 new branches, bringing the total to 34 branches and recruited 406 new employees, becoming the second largest bank in Albania by staff. The gross loan portfolio grew by 16% to ALL 16.6 billion, with agricultural loans growing by 41.8%. Total income increased by 12.6% and net profit was ALL 320 million, with a return on equity of 12.5%. The bank maintained a good liquidity position despite dynamic growth.

Author

ElcaHajdari

Language

EN