Interest rates of accounts and deposits in Albania As of April 2014
The analysis is done for interest rates published by bank of Albania for the first quarter, as reported by banks. The list of the banks is as follow:
|Alpha Bank Albania||AB|
|Crédit Agricole Bank (Albania)||CAB|
|Credit Bank of Albania||CBA|
|First Investment Bank Albania||FIB|
|International Commercial Bank||ICB|
|Intesa Sanpaolo Bank of Albania||ISB|
|National Commercial Bank||NCB|
|NBG Bank Albania||NBG|
|Societe Generale Bank Albania||SGB|
|United Bank of Albania||UBA|
While analysing the tables please note that the colour values are expressing the following:
During gathering data some cuts are performed:
– In Bank of Albania there are 3 type of interest rates for one type of deposits. Example for 3 months dep. there are three figures standard deposit, minimum amount deposit and top amount deposit. In order to be more clear to the reality we have taken in consideration only the standard and the minimum amount deposit. Top deposit amount may refer to interest rates which are available only to special customers. We are trying to avoid this because are analysis is more for the mass rather than specific groups.
– Term deposit above 2 years are not taken in calculation, this is because of the principle in the above point.
– Term deposits for business are not taken in considerations, first reason is that it is not a good moment for them to invest in deposits and secondly is because we are referring to the mass.
The top banks for LEK accounts and deposits offering competitive price are as below:
The top banks offering highest interest on current and sallary account are ICB bank, Procredit bank and Unitet Bank of Albania. ICB offers competitive rate for open deposit with no terms.
If we look at the Term Deposits instead the situation is different.
Top Banks offering highest interest rates are;
2. Procredit bank for TD 24 months.
For EUR Terms Deposit the figure is as below: