Revista Tinerilor Economiºti (The Young Economists Journal)

obligation.
Business Statistics – Economic Informatics
Table no. 2 Credit to private sector/GDP for South-eastern Europe
Credits/GDP 2004 2005 2006 2007 2008 2009
Turkey 15.8 20.8 25.4 30.6 38.7 40.8
Romania 15.5 19.5 25.9 35.7 37.6 40
Bulgaria 34.6 42.1 45.2 64.6 69.8 73.1
Serbia 23.1 28.8 28.7 34.2 38 40.6
FYR Macedonia 21.2 23.9 28.7 36.3 43.1 43.1
Albania 9 14.8 21.3 29.1 35.2 36.6
Ukraine 25.7 32.5 45.1 59.1 76.2 76.9
Source: Transition Report 2010 “Recovery and reform”.
Real estate loans have increased significantly. They represent 14.6% of GDP.
Main features of the process for real estate lending recorded over the years are: the
prevalence of real estate loans extended to individuals and the prevalence of real estate
loans extended in foreign currency, Figure 1.
The data to draw the graph from Albanian Bank
Figure no. 1 Real estate loans to total of credits. September 2010.
Regarding the intended use, credit for business is focused on “overdraft”,
“purchase of equipment”, “real estate” and less “capital”. Figure 2 shows the evolution
of the quality of the banking system, nonperforming loans to total loans, respectively.
Obviously upward steadily indicator problem loans to total loans, tend to undergoing a
significant growth in the third quarter of 2008. This strong growth was due to the
negative effects of economic and financial crisis in our banking system. The value of
the ratio problematic credit versus the total credit, 2005-2010, from one quarter to the
next one, is approximately increased by 46.9%, an increase that is estimated statistically
important, according to the t-statistic test. (t=8.595).
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