Credit extended to Kosovo's private sector up 2.7% y/y to EUR 1.75bn at end-Nov 2013

By bne IntelliNews January 6, 2014

The stock of bank loans extended to Kosovo's private sector (non-financial enterprises and households) at end-November 2013 grew 2.7% y/y to EUR 1.75bn, data published by the central bank showed. The total outstanding credit to the private sector was equivalent to 32.3% of the full-year GDP projection.

Corporate loans increased 1.8% y/y to EUR 1.18bn at end-November 2013. The stock of loans extended to construction firms declined 5.3% y/y to EUR 120.2mn and credit to the manufacturing sector decreased 2.4% y/y to EUR 131.5mn. Meanwhile, lending for agriculture projects rose by 7.2% on the year to EUR 46.2mn and the value of loans to the wholesale and retail trade sector was up 2.1% y/y to EUR 643.9mn.

The central bank data also showed that the outstanding credit to Kosovo households went up 4.5% y/y to EUR 566.5mn.

The value of all new loans (without overdrafts and credit lines) extended in January-November of last year was EUR 675.9mn, up 0.7% in annual terms. In November alone, new loans amounted to EUR 60mn.

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