The central bank has changed the required reserve ratios for local and foreign currency bank liabilities, a release on the institution’s website informs. The reserve requirement for domestic currency liabilities was cut to 8% from 10%. The ratio for foreign currency liabilities was raised to 15% from 13%. The measure is expected to support the growth of local currency savings and restructure the currency composition of the banking system’s liabilities.
The total banking assets in Macedonia increased by 5.9% y/y to MKD 355.7bn (EUR 5.8bn) at end-March, down from 6.6% at end-2012. The total asset stock was equal to 72.4% of the projected GDP.
The stock of deposits included in broad money increased by 3.3% y/y to MKD 243.3bn (EUR 3.95bn) at end-May. Local currency deposits rose by 9.3% y/y to MKD 135.5bn, while foreign currency deposits dropped by 3.4% y/y to MKD 107.8bn.
A total of 164,332 shares of Macedonia’s largest bank Komercijalna Banka were traded on the Skopje bourse on March 22 via two block transactions worth a combined MKD616.24mn (€10.mn), the bank ... more
Standard & Poor’s (S&P) Global Ratings affirmed on March 16 its 'BB-/B' long- and short-term foreign and local currency sovereign credit ratings on Macedonia, keeping the outlook ... more
Hazardous radioactive waste has been kept in the Oncology Clinic in downtown Skopje for decades, and poses a “time bomb” in terms of safety, local media reported, citing officials from the ... more