The loan quality and capital adequacy of Macedonia’s banking system have deteriorated slightly, data from the central bank showed. The sector's non-performing loan (NPL) ratio rose to 12.2% at end-September from 11.8% at both end-June and end-September 2013. At the same time, its capital adequacy ratio fell to 16.5% from 16.9% at end-June and 17.3% at end-September 2013.
A sector breakdown among the country's three large, eight medium-sized and four small banks shows NPL ratios of 13.9%, 8% and 16.9%, respectively. Notably, the indicator worsened only for large banks - from 13.2% at end-June and 12.1% at end-September 2013.
Medium-sized banks were best capitalised, with a capital adequacy ratio of 18.3% at end-September, trailed by large banks with 15.6% and small banks with 14.9%.
The data showed also that the stock of gross loans to the nonfinancial sector increased by 9.3% y/y to MKD244.2bn (€3.96bn, 46.5% of GDP) at end-September. Large, medium-sized and small banks accounted for 63.7%, 30.7% and 5.7% of the total.
The banking system's total assets were 6.2% higher y/y at MKD385.4bn at end-September.
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