Citizens and companies owe MKD 353,345 million to the banks

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Citizens and companies owe banks 353,345 million denars. Loans at the level of the banking sector as of November 2020 increased by 5.4 percent. At the same time, there is an increase in bank deposits, says President of the Macedonian Banking Association Maja Stevkova-Shterieva in an interview with MIA.

“As of November 30, 2020, total loans at the level of the banking system reached MKD 353,345 million, which is an annual growth of 5.4 percent. Total loans to households increased by 8.3 percent compared to the same period last year and 7.6 percent compared to December 31, 2019. In contrast, total loans to nonfinancial companies increased by 2.5 percent compared to the same period last year and decreased by 0.8 percent compared to the end of the year. In the past period, there may be restraint from investment activities among corporate clients as a result of uncertainty due to the health crisis, reduced workload due to reduced orders from business partners from EU countries, broken supply chains of raw materials, etc.,” said Stevkova-Shterieva.

 

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