Loan growth in Macedonia accelerates to 8.1% y/y at end-September 2011.

By bne IntelliNews October 24, 2011
According to preliminary data of the central bank, total loans of banks and saving houses increased by 8.1% y/y to MKD 204bn (EUR 3.32bn) at end-September, speeding up from 7.9% y/y a month earlier. Local currency loans rose by 2.7% y/y to MKD 148.5bn at the end of last month, with the y/y growth rate unchanged from end-August. Foreign currency loans increased by 25.9% y/y to MKD 55.4bn at end-September, accelerating from 25.2% y/y a month earlier. Loans to non-financial corporations (public and private) grew by 8.6% y/y to MKD 122.9bn at the end of last month, speeding up from 8.1% y/y at end-August. On the other hand, loans to households (individuals and self-employed individuals) rose by 7.4% y/y to MKD 80.8bn at end-September, decelerating from 7.5% y/y a month earlier.

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