Bank loans growth in Macedonia accelerates to 8.3% y/y in October.

By bne IntelliNews November 25, 2011
Total bank loans in Macedonia rose by 8.3% y/y to MKD 205bn (EUR 3,372mn) at the end of October, central bank data revealed. The growth accelerated slightly from 8.1% y/y registered in September. Local currency loans dominated the market with a 73% share of total loans. Loans to private companies, which represent 60% of total loans, added 8.8% y/y to MKD 123bn, up from 8.6% annual rise in September. Loans to households ( with a 39.7% share of the total) increased by 7.5% y/y, sustaining the same growth level for four consecutive months. The total loans extended by commercial banks accounted for 57.7% of total bank assets at end-October. The recovery in lending activity that started in the second quarter of 2010 has been sustained and now the growth trend of around 7-8% y/y seems pretty stable.

Bank loans growth in Macedonia accelerates to 8.3% y/y in October.

Related Articles

Macedonias 2013 tobacco crop expected to exceed 30,000 tonnes.

Macedonias tobacco crop is expected to increase by 20% to over 30,000 tonnes in 2013, Utrinski vesnik daily reported quoting Danco Mileski, president of the countrys tobacco association. The ... more

Macedonia cancels tender for gas distribution network feasibility study.

The transport ministry has cancelled the tender for preparing a feasibility study for developing the countrys natural gas distribution network, portal reported. Reportedly, two bids were ... more

Komercijalna Banka wins Global Finance award Best Bank in Macedonia for 2013.

Large-sized commercial bank Komercijalna Banka announced that it has won the award Best Bank in Macedonia for 2013 by the magazine Global Finance. The Macedonian bank wins the award for a 10th ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335