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.

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