Accessibility/Mobile Features
Skip Navigation
Skip to Content
Editorial News
Business
Classified Sites

The Canadian Press - ONLINE EDITION

Albania secures a $135 million credit line to help insure bank deposits

TIRANA, Albania - Albania has secured a 100 million-euro ($135 million) credit line from the European Bank for Reconstruction and Development to help insure bank deposits when required.

The EBRD, which was created in 1991 to assist the countries of the former communist bloc in Eastern Europe, said Thursday that the stand-by credit line is to enhance the Albanian Deposit Insurance Agency's capacity to protect 996 billion lek (6.98 billion euros; $9.46 billion) of deposits. The bank also offered a grant of 300,000 euros for the agency.

Earlier this year Tirana got a 162 million-euro loan from the World Bank and a 331 million-euro loan from the International Monetary Fund to support its financial sector.

Albania's public debt rose to 70.5 per cent in 2013 from 60 per cent the previous year.

  • Rate this Rate This Star Icon
  • This article has not yet been rated.
  • We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

    You can also register and/or login to the site and join the conversation by leaving a comment.

    Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 0 Commentscomment icon

You can comment on most stories on brandonsun.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

There are no comments at the moment. Be the first to post a comment below.

Post Your Commentcomment icon

Comment
  • You have characters left

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.

letters

Make text: Larger | Smaller

Brandon Sun Business Directory
The First World War at 100

Social Media

Canadian Mortgage Rates