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.
Macedonia’s October 15 local elections are seen as a popularity test for both the governing Social Democratic Union of Macedonia (SDSM) and for VMRO-DPMNE, which went into opposition in May after ... more
A Macedonian court has sentenced the attacker of a former opposition MP to four years in prison, media in Skopje said on October 12. The assault took place during the protests in the ... more
Macedonia’s FON University, owned by businessman Fijat Canoski, has signed a memorandum of cooperation with investors China’s Yida Construction and local firm FINE to build a university campus ... more