SeenewsSeenews
Search
Seenews
AlertsSeenewsSeenews
Searchclose
TOPICS
arrow
COUNTRIES
arrow
INDUSTRY
arrow
Economy
arrow
Browse Economy
Mix and match your focus countries with our advanced search
Investments
arrow
Browse Investments
Mix and match your focus countries with our advanced search
Deals
arrow
Browse Deals
Mix and match your focus countries with our advanced search
SEE TOP 100
arrow
Browse SEE TOP 100
Latest in SEE TOP 100
Tech
arrow
Browse Tech
Mix and match your focus countries with our advanced search
Green
arrow
Browse Green
Mix and match your focus countries with our advanced search
0/5
You have 5 free articles left this month
You have 0/5 free articles
Sign up to get 5 more free articles this month
SIGN UP
arrow
LOGIN
arrow

Macedonian Banks July Credit Portfolio Rises 0.3% M/M, Up 11.2% Y/Y

Sep 3, 2009, 1:24:15 PMArticle by Valentina Dimitrievska
share
September 3 (SeeNews) - The credit portfolio of Macedonian commercial banks reached 175.71 billion denars ($4.06 billion/2.84 billion euro) at the end of July, 0.3% up from a month earlier and 11.2% higher on the year, Macedonia's central bank, NBRM, said on Thursday.

Macedonian Banks July Credit Portfolio Rises 0.3% M/M, Up 11.2% Y/Y

Loans to households rose by an annual 12.7% to 72.135 billion denars and were 0.2% higher on the month in July, NBRM said in a monthly report. Credits to companies rose by 10.3% on the year and were 0.4% higher on the month at 103.329 billion denars.

The Macedonian banks' deposit portfolio, which includes time and savings deposits in foreign and domestic currency, totalled 172.879 billion denars at the end of July, down by 0.1% on the year and 1.0% lower on the month.

Individuals' deposits amounted to 114.664 billion denars, up 1.8% on the month and 10.3% higher on the year. The deposits of companies fell by 6.1% on the month and were 23.2% down on the year, reaching 49.787 billion denars.

Eighteen commercial banks operate in Macedonia, a country of around two million people.

(1 euro = 61.9508 Macedonian denars)

Your complete guide to the emerging economies of Southeast Europe. From latest news to bespoke research – the big picture at the tip of your fingers.