Loan growth in Macedonia decelerates to 3.3% at end-April 2013.

By bne IntelliNews May 21, 2013

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.

Related Articles

Macedonia’s ex-PM Gruevski fears for his life, asks for additional bodyguards

Macedonian ex-prime minister and opposition leader Nikola Gruevski is seeking at least 20 more bodyguards from the state police, as he says he fears his life is threatened. Gruevski, leader of the ... more

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

Macedonia’s opposition VMRO-DPMNE tries to block parliament's work

Macedonia’s opposition VMRO-DPMNE party is trying to block the work of the parliament by forming 10 parliamentary groups instead of the single group that is normal for a political party.  ... more