Credit, construction and accommodation keep the pace alive/ Financing for businesses, strong monthly fluctuations. But, a positive year
Bank of Albania data on new loans to businesses show a dynamic picture during October 2025. In total, lending to businesses reached 19.9 billion lek, a strong increase of 24.3% compared to October 2024, but with a monthly decrease of 18.7% compared to September 2025. This fluctuation is typical after the summer months, when economic activity is usually higher, especially in the trade and tourism services sectors.
Overall, the data shows an economy where lending remains strong in several key segments, although monthly fluctuations indicate that businesses are approaching short-term financing more cautiously. Construction and accommodation are among the strongest and most resilient across the board with robust annual growth and strong demand for credit.
The construction sector continues to be one of the pillars of the economy, maintaining a stable pace of demand for financing. In October 2025, new loans in this sector stood at 4.39 billion lekë, almost unchanged from the previous month (–0.4%). What is most striking is the annual growth of 39.8%, a clear indication that the sector continues to expand significantly compared to the previous year.
The accommodation and food service sector has delivered one of the strongest results of the month. New loans reached 2.09 billion lekë, with a strong monthly growth of 46.5% and an annual rate of 76.6%. This is among the sectors with the most visible recovery and this is in line with the dynamism of the tourism sector, which has seen continuous expansion over the last two years.
The extractive industry recorded a strong monthly decline of 89.2%, but maintained an annual growth of 114.4%, which shows that this sector remains highly unstable and affected by sporadic projects. Information and communication presents a deep decline, both monthly and annual, reflecting a slowdown in technological investments and greater caution of businesses towards spending in this segment. In healthcare, the monthly decrease of 87.3% and the annual decrease of 41.4% signal a weak investment performance, while education, with an annual contraction of 86%, remains one of the most affected sectors in terms of demand for new loans.
On the other hand, several sectors are showing strong and positive growth. Transportation and storage leads with an annual growth of 192.7%, followed by professional and technical activities, which expanded by 123.5%. Energy has recorded a steady growth of 119.3%, reflecting new investments in infrastructure and production capacities.
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