Dr Ilir Mustafaj Endrit Shijaku A considerable number of loans that Albanian banks have made to their customers are secured with mortgages over immovable properties. Yet the extent to which immovable properties are being used as collateral for lending in Albania, is far from its full potential. Although an increase in the collateralisation of much of the immovable properties for borrowing money from the banks would provide additional fuel for the Albanian economy, the Albanian authorities have several challenges in addressing some major obstacles before they can win the confidence of the banks to accept more types of immovable properties as collateral, and thus issue more loans.
September 29 2010