Ford drives hike in car production in Romania
2 days ago
The total value of non-government loans extended by Macedonian banks and saving houses went up by 3.5% y/y to MKD274.4bn (€4.4bn) at end-June, decelerating significantly from a 6.4% y/y increase at end-May, as loans to companies fell and the growth of household lending slowed, central bank data showed on July 21.
The total loan stock equalled to 46.3% of the projected 2016 GDP, down from 47.2% at end-May.
The slowdown of lending in part is probably a reaction to the uncertain political environment and the decrease in the deposit base. Also it is a reflection of the write-off of past due claims, according to the decision of the central bank (NBRM) adopted in December 2015, according to the NBRM.
The value of loans to non-financial corporations (public and private) edged down by 0.5% y/y in June, reversing a 2% growth in May, data showed. Month-on-month loans to companies declined by 2%.
Household lending growth decelerated to 8.8% y/y from 12.2% y/y in the previous month. On a monthly basis household loans fell 1.7%.
The currency breakdown showed that loans in denars grew 6.1% y/y to MKD222.1bn at end-June, after rising 9.2% y/y a month earlier.
Loans in foreign currency declined 6.5% y/y to MKD52.3bn, after falling 3.8% y/y at end-May.
|
Loans, MKD mn |
|
|
|
|
|
|
|
June'15 |
May'16 |
June'16 |
% y/y |
% m/m |
|
TOTAL LOANS |
265,254 |
279,646 |
274,453 |
3.5% |
-1.8% |
|
- in denars |
209,249 |
225,215 |
222,108 |
6.1% |
-1.4% |
|
- in foreign currency |
56,006 |
54,431 |
52,345 |
-6.5% |
-3.8% |
|
Nonfinancial Corporations |
149,898 |
152,120 |
149,131 |
-0.5% |
-2.0 % |
|
Households |
114,160 |
126,386 |
124,192 |
8.8% |
-1.7% |
|
Source: Central bank |
|
|
|
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