Open Data Albania has conducted a research work on personal loans in Albania in the last years, based on data provided from the Bank of Albania.

The types of loans by purpose of use are divided into categories: real estate, durable goods, non-durable goods, perform activities and overdraft.

• Real estate represents mortgage loans and land acquisition.
• Durable goods represent purchase of long-term goods, such as vehicles and furniture.
• Non-durable goods represent consumer loans, such as loans for vacation or education.
• Perform activities represents taking credit for starting a private business.
• Overdraft is a short-term loan on the individual’s current account.

In 2011 (until the end of January), the amounts of personal loans given by banks by purpose of use are as follows:


Source: Bank of Albania
Analysis and comments: ODA

As it can be seen from the graph, the majority of personal loans are given to individuals for real estate purchase (100.6 billion ALL), followed by non-durable goods purchase (16.2 billion ALL), to perform activities (11.6 billion ALL), durable goods purchase (7.7 billion ALL) and overdraft (6.1 billion ALL).

The shares of the personal loans by purpose of use are shown in the following chart:
 


Source: Bank of Albania
Analysis and comments: ODA

In 2011, the total of loans given by banks is distributed as follows: real estate accounts for about 70.7%, non-durable goods for 11.4%, perform activities 8.1%, durable goods 5.4% and 4.3% for the overdraft.


Source: Bank of Albania
Analysis and comments: ODA

In the last years, an increased share of loans for purchasing real estate and non-durable goods is observed, as well as a reduction of the share of loans to perform activities and to purchase durable goods.

The dataset is presented in the table below:


Source: Bank of Albania
Analysis and comments: ODA