Description of methods and sources for Albania - INSTAT

IPA 2009 Multi-beneficiary StatisticalCooperation Programme3.16.2 Banking services3.16.2.1 IntroductionThe Albanian banking system dominates the financial sectors, counts 16 banks, andis characterized by a high foreign bank participation and continuous growth. Theenvironment has become very dynamic, especially after the privatization of theSavings Bank (currently Raiffeisen bank). This has been shown in the increase of therange of products provided by banks, in their geographic expansion, and in theboosting of the lending activities. These developments have been associated by asteady decrease in the market concentration, which, however, remains the highestcompared to other countries in the region.3.16.2.2 Data sources and methodsBanking services include the Bank of Albania (central bank) and other commercialbanks, savings banks and other savings and loan undertaking units.The Bank of Albania is an autonomous and independent institution and it supervisesall other monetary intermediation units. All banking institutions provide annualfinancial statements to the Bank of Albania, which passes the data in an aggregatedform.Gross valued added of this branch in 2006 is estimated at 29 952 million LEK or3.77 percent of the total of gross value added.3.16.2.3 Output in data sources, corrections and adjustmentsThe procedure for calculation of output is mentioned in the 3.3.3 paragraph and totaloutput of insurance activities is estimated at 36 846 million LEK in 20063.16.2.4 Intermediate consumption in data sources, corrections and adjustmentsThe procedure for calculation of intermediate consumption is mentioned in the 3.3.3paragraph and total intermediate consumption of banking services is estimated at 6894 million LEK in 200670/236