Skopje, 21 October 2024 (MIA) – The annual growth of total deposits was 8.8%, which is due to the increased deposits in both sectors, with a more pronounced contribution of the household sector. Annually, total loans increased by 7.5% due to the increased lending to both sectors, with a slightly pronounced contribution of the household sector, the National Bank said in a press release.

In September 2024, the broad money registered a monthly decline of 1.2%, mostly due to the reduced short-term deposits and demand deposits, with a smaller contribution to the decline of currency in circulation, amid increase in long-term deposits up to two years. On an annual basis, broad money increased by 6.7%, due to the increase in demand deposits, long-term deposits up to two years and currency in circulation, while short-term deposits decreased.

In September, total deposits declined by 0.4% on a monthly basis, entirely as a result of the fall in corporate deposits, while household deposits increased. The annual growth of total deposits was 8.8%, which is due to the increased deposits in both sectors, with a more pronounced contribution of the household sector.

In September, total loans registered a monthly growth of 0.4%, fully due to the increased lending to household sector. Annually, total loans increased by 7.5% due to the increased lending to both sectors, with a slightly pronounced contribution of the household sector.

In September, the total corporate deposits decreased by 0.5% on a monthly basis. The downward change is primarily due to the lower short-term foreign currency and denar deposits, amid increase in demand deposits and long-term deposits. There is a growth of 4.7% on an annual basis, mostly due to increased demand deposits, amid growth of long-term foreign currency and denar deposits and short-term denar deposits, while short-term foreign currency deposits decreased.

In September, corporate loans registered a minimal monthly decrease of 0.1% which is entirely due to the decline in foreign currency lending, amid growth in denar loans. On an annual basis, corporate loans increased by 7.5%, due to increased denar lending, amid decline in foreign currency loans.

In September, total household deposits increased by 0.1% on a monthly basis, fully due to the increase in long-term denar and foreign currency deposits, in conditions when demand deposits and short-term foreign currency and denar deposits declined. The annual growth was 11.2% and resulted from the increase in demand deposit and long-term denar and foreign currency deposits, amid decline in short-term deposits.

In September, household loans increased by 0.8% and 7.7% on a monthly and annual basis, respectively. The increase on both bases is a result of the increased denar and foreign currency lending, with a larger contribution of denar loans.

Analyzing by purpose of loans to individuals, in September, the most common categories - consumer and housing loans registered a monthly growth of 0.6% and 1.0%, respectively, amid annual increase of 6.7% and 11.0%, respectively.

This month, car loans decreased by 0.6% on a monthly basis, while annually they increased by 13.5%. In September, loans granted on the basis of credit cards registered a monthly and annual decline of 0.8% and 9.0%, respectively. In September, overdrafts and loans granted on other basis registered a monthly increase of 4.6% and 0.7%, respectively, while annually they decreased by 1.9% and 17.5%, respectively.

Photo: National Bank