Macedonian Banks End-Sept Credit Portfolio Rises 2.6% M/M, Up 38.4% Y/Y

Loans to households totalled 63.831 billion denars at the end of September, up 2.2% from the end of August and 47.6% higher on the year. Credits to companies rose by 33% on the year and by 2.9% on the month to 96.038 billion denars.

By the end of the year, the annual credit growth is expected to stand at 34.6%, NBRM said in its monthly report.

The Macedonian banks' deposit portfolio, which includes time and savings deposits in foreign and domestic currency, rose by 22.2% on the year and by 0.3% on the month to a total of 148.43 billion denars at the end of September.
Individuals' deposits amounted to 96.65 billion denars, up 1.7% on the month and 19.7% higher on the year.

Deposits of companies fell 3.2% on the month, and rose 24.7% on the year to 45.802 billion denars.

A total of 18 commercial banks operate in Macedonia, a country of about two million people.

(1 euro = 62.0872 Macedonian denars)