Ford drives hike in car production in Romania
23 hours ago
The interest rates on new deposits and loans either increased or were unchanged m/m in May, according to data from Kosovo’s central bank.
As part of its dialogue with the European Union, Kosovo has agreed to address the underlying causes of the high interest rates on bank loans, the European Commission said last May.
The weighted average interest rate on new time deposits of non-financial corporations increased 44bp m/m to 1.54% in May. The rate on new time deposits of households was flat m/m at 0.85%.
The interest rate on new corporate loans went up 18bp m/m to 6.5% in May. The rate on new consumer loans climbed 28bp m/m to 7.45%. The interest rate on new mortgage loans was unchanged m/m at 5.79%.
Year-on-year, May deposit rates were higher in both the corporate and the household segments, by 9bp and 12bp respectively. The May average interest rates on corporate, consumer and mortgage loans were all lower y/y, by 85bp, 47bp and 72bp, respectively.
Ten banks currently operate in Kosovo, of which eight are foreign-owned. The latest to enter the market was a branch of Turkey’s Ziraat Bankasi.
Related Content
Data
Ford drives hike in car production in Romania
Romania’s automobile production increased by 7% y/y to more than 150,000 units in Q1.
Akbank launches spring syndicated loan renewals season for Turkish banks at better costs
Benefits of Turkey’s so-called economic normalisation policy clearly observed in external debt rollovers.
Ukraine's birth rate plummets to 300-year low as country’s population collapses
Ukraine’s population collapsed to 29mn souls last year, according to Ukraine Business News, with just 187,000 births recorded (including in Russian-occupied territories). This is the lowest annual figure in recorded history over the last 300 years.
Russia’s $13.4bn current account surplus in March second highest since 2007
Russia posted a $13.4bn current account surplus in March, more than double February’s $5.5bn and the second highest level for a March since 2007.
Automotive sector output in Hungary edges up 1.6% y/y in February
Headline industrial output rose 1.8% in February, increasing for the first month in about a year.
Most Read
-
Ukraine's birth rate plummets to 300-year low as country’s population collapses
1 day ago
-
AI and cybersecurity to drive CEE tech sector
20 hours ago
-
US senators seek closer ties with Western Balkans to combat Russia's 'malign influence'
20 hours ago
-
COMMENT: Armenia's decisive turn towards the West
17 hours ago
-
Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
1 day ago
-
Iran vs Israel: Who is better equipped for war?
5 days ago
-
Saudi Arabia to scale back plans for Neom city
8 days ago
-
BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
5 days ago
-
PANNIER: Caspian military drills that exclude Russia and Iran have some people in Moscow asking questions
6 days ago
-
Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
5 months ago
-
Russia could pay off its entire external debt tomorrow, in cash
19 days ago
-
Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
23 days ago
-
Albanians campaign on social media to keep bus bridge created in freak accident
1 year ago
-
UBN: Russia could take the Baltic states in 48 hours
28 days ago
-
BRICS announce a blockchain-based payment system to create a common currency
21 days ago