Skopje, 21 December 2021 (MIA) – The annual growth of total deposits equals 8.1% and is a result of the increased deposits in both sectors, with a larger contribution of the households sector. Annually, total loans registered an increase of 7.7%, which, in circumstances of growth in the lending to both sectors, is more pronounced in the household sector, North Macedonia’s National Bank said in a press release on Tuesday. “In November 2021, the broad money (monetary aggregate М31,2 ) increased by 0.7% on a monthly basis, mostly under the influence of the growth of demand deposits, amid smaller growth in short-term deposits, and a decline in currency in circulation and long-term deposits up to two years. On an annual basis, the broad money increased by 9.5%, mainly as a result of the higher demand deposits and short-term deposits, amid small growth of currency in circulation and almost unchanged long-term deposits up to two years,” the press release read. In November, it added, total deposits registered a monthly growth of 1.1%, which is largely due to the growth of corporate deposits. The annual growth of total deposits equals 8.1% and is a result of the increased deposits in both sectors, with a larger contribution of the households sector. ‒ This month, total loans increased by 0.8% on a monthly basis, influenced by the growth of loans in both sectors, with a larger contribution of the corporate sector. Annually, total loans registered an increase of 7.7%, which, in circumstances of growth in the lending to both sectors, is more pronounced in the household sector. “Total corporate deposits increased by 3.4% on a monthly basis. The monthly growth is mainly due to the increased demand deposits, in conditions of smaller growth of long-term and short-term deposits in foreign currency, amid fall in long-term and short-term deposits in denars. On an annual basis, these deposits increased by 13.7%, due to the growth of demand deposits, short-term and long-term deposits in foreign currency, given the fall in short-term and long-term deposits in denars. ‒ In November, total corporate loans registered a monthly growth of 1.0%, which is mostly a result of the increased lending in denars. Compared to November last year, corporate loans increased by 7.4%, as a result of the higher denar and foreign currency loans, amid a larger contribution of denar loans,” the central bank underlined. Total household deposits, it said, registered a monthly increase of 0.3%. Moreover, the change is mainly due to the growth of short-term deposits in foreign currency, amid smaller growth in long-term deposits in foreign currency, while demand deposits, short-term and long-term deposits in denars decreased. “On an annual basis, these deposits increased by 7.1%, mostly due to the increased short-term deposits in foreign currency and demand deposits, amid smaller growth in long-term deposits in foreign currency, in conditions of a decline in long-term and short-term deposits in denars. In November, household loans increased by 0.6% on a monthly basis, amid annual growth of 7.7%. Moreover, in circumstances of growth in denar and foreign currency loans, the monthly and annual growth is more pronounced in denar loans,” the release noted. In November, it added, considering the purpose of loans granted to individuals, the most common categories - consumer and housing loans registered a monthly growth of 0.5% and 1.2%, respectively, amid annual growth of 6.8% and 16.1%, respectively. “This month, car loans decreased by 2.4% and 17.9% on a monthly and annual basis, respectively, while loans on credit cards registered a minimal monthly growth of 0.1%, amid annual fall of 9.3%. Overdrafts decreased by 0.5% on a monthly basis, while on an annual basis they increased by 1.2%. In November, loans granted on other basis registered a monthly and annual decrease of 1.8% and 30.6%, respectively,” the National Bank highlighted.