July sees rise in consumer and housing loans, drop in car and credit card loans
Skopje, 19 August 2022 (MIA) – In July 2022, analysed by purpose of loans to individuals, the most common categories – consumer and housing loans registered a growth of 0.4 percent and 0.8 percent on a monthly basis, amid an annual growth of 6.4 percent and 13.5 percent respectively, according to data from the National Bank.
In the same month, car loans registered a monthly and annual decline of 1.4 percent and 6.4 percent, respectively, while credit card loans registered a monthly growth of 0.2 percent, with an annual decline of 1.6 percent.
Overdrafts decreased by 1.3 percent on a monthly level, amid an annual growth of 2.6 percent, while loans granted on other basis declined on a monthly and an annual basis by 1.0 percent and 19.1 percent, respectively.
The total household loans registered a monthly growth of 0.5 percent, according to the National Bank this is mostly under the influence of the increased lending in foreign currency, amid growth in denar loans. Analysed annually, household loans registered a growth of 7.6 percent, which in conditions of higher denar and foreign currency loans is more pronounced in lending in denars.
Annually, the total deposits in July registered growth of 2.3 percent, entirely due to the higher household deposits, while total loans increased by 9.7 percent, largely due to the rise in corporate loans.
The total household deposits went up by 0.4 percent on a monthly level. The change is due to the growth of short-term deposits in foreign currency, demand deposits and long-term deposits in foreign currency, while short-term and long-term deposits in denars decreased. A growth of 5.2 percent was registered annually, mostly under the influence of the higher short-term deposits in foreign currency, amid growth in long-term deposits in foreign currency and demand deposits, and fall in long-term and short-term deposits in denars.
Total loans in July registered a monthly growth of 0.5 percent, as a result of the increased lending to both sectors, amid a slightly larger contribution of loans to the corporate sector. Annually, total loans increased by 9.7 percent, largely under the influence of the growth of lending to the corporate sector.
“This month, corporate loans increased by 0.5 percent, entirely due to higher foreign currency loans, amid decline in denar loans. The annual growth equals 12.1 percent and is a result of the increase in denar and foreign currency loans, which is more pronounced in denar loans,” said the National Bank.
According to the Bank, in July 2022, the total deposits increased by 0.9 percent on a monthly basis, due to the increase in deposits in both sectors, particularly in the corporate sector. The annual growth equals 2.3 percent and is entirely due to higher household deposits.
The total corporate deposits increased by 1.7 percent, on a monthly basis. The upward change is primarily due to the growth of short-term foreign currency deposits, with a positive contribution of the short-term deposits in denars and long-term deposits in foreign currency, amid reduction in demand deposits. A decline of 2.9 percent was registered on an annual basis, which resulted from the decrease in all components, except short-term deposits in foreign currency which increased. ad/nn/
