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CEE falling inflation trend comes to an end
4 days ago
The non-performing loan (NPL) ratio of Macedonian commercial banks dropped to 7.5% of the total loan portfolio at the end of June, from 11.5% a year earlier, data from the country’s central bank indicated. Compared to the previous quarter, the banks' NPL ratio was down by 3.4pp.
Requirements from the central bank for commercial banks to "clean" their loan portfolios of old and non-performing loans have improved the quality indicators of banks' credit exposures, but on the other hand it slowed the growth of lending.
At-end June, the NPL ratio was the lowest among mid-sized banks, at just 3%. The NPL ratio of the big banks was 9%, while the highest rate was registered among small banks, 13.4%, data showed.
The total value of non-government loans extended by Macedonian banks and saving houses went up by 3.5% y/y to MKD274.4bn (€4.4bn) at end-June decelerating significantly from a 6.4% y/y increase at end-May.
The bad loan ratio was 10.8% at end-2015.
Related Content
Data
CEE falling inflation trend comes to an end
After spiking to 20-year highs thanks to the pandemic and Europe’s Russian induced energy crisis, inflation rates across the EU have tumbled in recent months. That trend has ended and CEE central banks are expected to hike rates again in 2H24.
Hungary’s CPI edges lower, but price pressures remain in service sector
Consumer prices in Hungary rose 3.6% y/y in March, but services' prices rose almost 10%.
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Czech inflation stagnated at 2% in March
Consumer price indices (inflation) in Czechia remained at 2% in March, the same year-on-year growth as in February, which is the lowest inflation rate since December 2018.
Ukraine records lowest inflation in over three years
Ukraine's inflation rate dropped to its lowest level in more than three years in March 2024, marking a significant slowdown in consumer price growth, according to data released by the State Statistics Service.
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