Loan growth in Macedonia accelerates to 8.6% y/y at end-November 2011.

By bne IntelliNews December 21, 2011
According to preliminary data of the central bank, total loans of banks and saving houses increased by 8.6% y/y to MKD 206.4bn (EUR 3.36bn) at end-November, speeding up from 8.3% y/y at end-October. Local currency loans rose by 3.7% on the year to MKD 150.1bn at the end of last month, accelerating from 2.8% at end-October. Foreign currency loans grew by 24.2% in annual terms to MKD 56.3bn at end-November, decelerating from 26.5% y/y a month earlier. Loans to non-financial corporations (public and private) increased by 9% y/y to MKD 124.3bn, speeding up from 8.8% y/y at end-October. Loans to households (individuals and self-employed individuals) rose by 7.7% on the year to MKD 81.8bn at end-November, accelerating from annual growth of 7.5% a month earlier.

Loan growth in Macedonia accelerates to 8.6% y/y at end-November 2011.

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