How is Albania's foreign debt divided? - BSH: The majority belongs to the government, but banks and other sectors are not left behind either
About 46.2% of Albania's external debt is owned by the government, while the remainder is distributed between other sectors, second-tier banks and the Central Bank. The data from the Bank of Albania show that out of the 10 billion ALL that is currently the external debt of our country, almost 4.6 billion ALL are government obligations.
At the end of September, the government's external debt obligations are in long-term instruments, such as loans, bonds and bills. The government's external debt shrank by 123 million euros at the end of the second quarter of 2024, where debt obligations in the form of long-term loans and those in the form of bonds fell by 103 million euros and 19 million euros, respectively.
On the other hand, the second level banks own about 20.1% of the external debt, the monetary authority, that is, the Bank of Albania owns only 2.2% and the category of other sectors about 31.6%. The Bank of Albania's external debt obligations are recorded at 219 million euros, with a decrease 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 companies have been recorded at 2 billion ALL, a growing figure referring to the end of the second quarter of 2023. In the largest measure, i.e. 74% of the total liabilities of this sector is in long-term maturity in the form of currencies and deposits.
During the third quarter of 2024, the external debt of other sectors narrowed by 42 million euros to the level of 3,159 million euros. The main movements reflect the aggregate effect of the decrease in debt obligations between companies connected in a direct investment relationship such as direct investments - intercompany loans, as well as the decrease in obligations in the form of commercial loans and advances.
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