How much are banks' liabilities towards external debt? - BoA: About 46% is owned by the government. Those in bonds fell
About 46% of Albania's external debt is owned by the government, while the remaining part is distributed among other sectors, commercial banks and the Central Bank. Data from the Bank of Albania show that out of the 10.1 billion euros that is currently the external debt of our country, almost 4.6 billion euros result from government liabilities.
At the end of December, the government's external debt obligations are in long-term instruments, such as loans, bonds and notes. The government's external debt increased by 139 million euros at the end of the fourth quarter of 2024, with debt obligations in the form of long-term loans expanding by 86 million euros and those in the form of bonds decreasing by 41 million euros.
On the other hand, second-tier banks own about 20.4% of the external debt, the monetary authority, i.e. the Bank of Albania owns only 2.2% and the category of other sectors about 31.6%. The liabilities of the Bank of Albania towards the external debt are recorded at 227 million euros, with an increase of 7 million euros, and this is mainly due to the exchange rate.
Meanwhile, external debt obligations from financial institutions such as commercial banks or savings and loan associations have been recorded at 2 billion euros, an increasing figure compared to the end of the fourth quarter of 2023. The largest share, i.e. 73% of the total liabilities of this sector, are in long-term maturity in the form of currencies and deposits.
During the third quarter of 2024, the external debt of other sectors expanded by 27 million euros to 3,186 million euros. The main movements reflect the aggregate effect of the decline in debt obligations between companies linked in a direct investment relationship such as direct investment - intercompany loans, as well as the decline in liabilities in the form of trade credits and advances.
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