The Canadian Press - ONLINE EDITION

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

  • Print

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.

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.

letters

Make text: Larger | Smaller

LATEST VIDEO

Gord Steeves targets traffic cameras

View more like this

Photo Store Gallery

  • MIKE APORIUS/WINNIPEG FREE PRESS BUSINESS - cow on farm owned by cattle farmer Lloyd Buchanan near Argyle Wednesday afternoon -see Larry Kusch's story  January 04/2006
  • A Canada Goose cools off in a water pond Monday afternoon at Brookside Cemetary- See Bryksa’s Goose a day Challenge– Day 27-June 25, 2012   (JOE BRYKSA / WINNIPEG FREE PRESS)

View More Gallery Photos

Poll

Do you plan on attending any of the CMHR opening weekend events? (select all that apply)

View Results

View Related Story

Ads by Google