Albanians' savings in euros "recover" - BoA: Deposits included in broad money reach 1.4 trillion lekë
Deposits included in broad money have continued to expand in the past month. Newly published data from the Bank of Albania show that total deposits reached 1.4 trillion lek in July, an increase of 1.2% compared to June.
Deposits included in broad money refer to all money that citizens and businesses hold in banks, i.e. money in bank accounts, savings accounts, short-term or long-term deposits, and others.
Foreign currency savings have returned to growth in July, after a decline in the previous month. It seems that the depreciation of the euro, which prompted many citizens to move away from holding savings in the European currency and opt for more deposits in lek during June, is no longer influencing individuals' decision-making as much. Likewise, low interest rates.
Most of our money in the bank turns out to be in foreign currency. Deposits in the national currency are estimated at 665 billion lek, 1.5% more than in June. Meanwhile, deposits in foreign currency reach a figure of 741 billion lek, a value almost 1% higher than in the previous month.
Meanwhile, according to Bank of Albania statistics, transferable deposits, which refer to the money we hold in our bank accounts, reached 390 billion lek in July, while those in foreign currency reached 365 billion lek.
Demand deposits and other types of deposits come with a smaller amount and a lighter increase compared to June.
Meanwhile, as regards foreign currency deposits included in broad money, the figures also show an increase in highly liquid deposits (demand deposits) and other types of deposits.
How much did Albanians use the internet from smart devices? Eurostat ranks us second to last in Europe. Poland, worse than us
The phone and computer continue to be the main devices for connecting to the internet, but recently "smart" technology has been gaining more and more ground.......
"Beware of fraudulent online investment schemes!" - AKSK warns citizens: Irrecoverable financial losses
The National Cyber Security Authority (AKSK) has reacted to cases of online fraud through a platform called TXEX. According to this institution, this......
Taxes collect 370 million euros from businesses - 7-month period, income from profit tax increases by 10 million euros
Enterprises in the country have paid a significant amount of tax on accumulated profit, which is recorded at approximately 37 billion lek or 370 million......
"3-8 years in prison for fraudulent and pyramid schemes" - The new Criminal Code also toughens penalties for counterfeiting coins
The new Criminal Code provides for sentences of 3 to 8 years in prison for fraudulent and pyramid loan schemes. According to this document issued for public......
"Waste will no longer be managed by municipalities" - Rama announces the creation of the National Operator for Waste Treatment
The "National Operator for Waste Treatment" is expected to be established soon. Prime Minister Edi Rama made the statement during the event on the Integrated......
Individuals, the "locomotive" of credit/ July marks the highest historical level, loans to businesses shrink
According to the latest data from the "Bank of Albania", total credit reached 893.1 billion lek in July 2025, with a significant increase of 12% compared to......
Albania triples defense spending compared to 2014 - NATO report/540 billion lek investments in 2025, equivalent to 2.01% of GDP
Albania is increasingly increasing its defense spending as part of its commitment to NATO. The North Atlantic Alliance has published a report on member......
Exchange rate/ What happened in the foreign exchange market today?
The US dollar was bought this morning at 83 lek and sold at 84.3 lek, not experiencing significant value movements from the previous day according to the......
