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.
Related Articles
Orban’s new illiberal axis
Amid the furore over Hungarian Prime Minister Viktor Orban’s visit to Tbilisi immediately after the allegedly stolen October 26 general election, a visit by the country’s President Tamas ... more
Green loans in North Macedonia's banking sector up 14.9% y/y in 2Q24
The growth of green loans in North Macedonia’s commercial banks continued in the second quarter of 2024, with an annual increase of 14.9% or by MKD2.6bn (€42.3mn), the central bank said on August ... more
North Macedonia’s Komercijalna Banka launches takeover bid for Stopanska Banka Bitola
North Macedonia's largest bank, Komercijalna banka, announced on August 26 that it has published the takeover bid for local Stopanska banka Bitola. The offered price is set at MKD3,200 (€52) per ... more
Most Read
-
Putin to skip Rio BRICS summit over ICC warrant as Xi signals no-show
12 days ago
-
Turkey yet to prove rare earth deposit has suggested “giant” potential despite reported processing talks with China
10 months ago
-
Uproar in Mongolia as development bank reveals scale of risky loans and NPLs
3 years ago