Annual Report 2010 03 August 2011 - Banka Qendrore e ...

Annual Report 2010
CBK
The structure of loans during 2010
was dominated by loans issued to
enterprises, which in 2010
represented 70.5 percent of total
loans issued by the banking
system (Figure 10). Household
loans during the last two years
have increased their share to total
loans. In 2010, the share of
household loans to total banking
system loans reached at 29.5
percent, compared to 26.7 percent
in 2009. This increase is mainly
attributed to the fact that loans to
Figure 9. Growth rate of loans by sectors, in
percentage
50%
40%
30%
20%
10%
0%
2007 2008 2009 2010
Growth rate of total loans
Growth rate of loans to enterprises
Growth rate of loans to households
Source: CBK (2011)
enterprises incurred a more significant reduction of the growth rate, while the growth rate
of loans to households, despite the slowdown, was more approximate to the previous
periods.
The sectorial distribution of loans Figure 10. Structure of loans, in percentage
remained similar to the previous 100%
years, with the services sector 90%
22.5% 23.7% 26.7%
29.5%
80%
absorbing the largest share of
70%
loans issued to enterprises (70.1 60%
percent of total loans to 50%
40% 77.5%
enterprises). Within services, the
76.3% 73.3% 70.5%
30%
majority of loans are issued to the 20%
trade sector (50.8 percent of loans 10%
0%
to enterprises), followed by loans
2007 2008 2009 2010
issued to the industry sector,
including mines, production,
industry and construction, which
Enterprises
Source: CBK (2011)
Households
received 26.1 of total loans issued to enterprises. The agriculture sector continues to
participate only with a low share,, receiving only 3.7 percent of total loans issued to
enterprises (Figure 11).
Loans issued to the trade sector and financial services were characterized with an
increasing trend in 2010, while lending to other sectors recorded a slowdown compared to
the previous year (Figure 11). Reaching the amount of euro 521.6 million, loans to the trade
sector marked an annual increase of 13.7 percent in 2010 (4.9 percent in 2009). Loans
issued to enterprises that provide financial services amounted at euro 22.1 million,
compared to euro 10.6 million in the previous year. Lending to the industry sector recorded
a slowdown of the growth rate during 2010, with loans to the manufacturing sector
recording an annual
growth of 5.8 percent (29.9 percent in 2009), and loans to the construction sector recording
an annual growth of 22.5 percent (35.9 percent in 2009). In 2010, loans issued to the
manufacturing sector amounted at euro 126.8 million, that indicates a share of 12.3 percent
in total loans issued to enterprises. During the same period, loans to the construction sector
reached at euro 109.1 million, representing 10.6 percent of total loans to enterprises.
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