Total loans extended by banks and saving houses increased 3.3% y/y to MKD 220.5bn (EUR 3.58bn) at end-April, slowing down from 4.3% y/y at end-March, according to central bank preliminary data. Annual loan growth has been declining for twelve consecutive months. The end-April total loan stock accounted for 44.8% of the forecast 2013 GDP.
Local currency loans rose 6.7% y/y to MKD 165.8bn, easing down from a 7.8% y/y increase at end-March. Foreign currency loans dropped 5.9% y/y and 0.4% m/m to MKD 54.8bn at end-April, deteriorating from a 5.0% y/y contraction the month before.
Loans to non-financial corporations (public and private) edged up 0.8% y/y to MKD 131.3bn at end-April, decelerating from 2.5% y/y a month earlier. The annual growth of loans to households (individuals and self-employed individuals) sped up to 6.9% at end-April from 6.7% the month before, totalling MKD 88.4bn.
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