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National Bank: Average interest rates on loans up in January, monthly decrease on deposits 

National Bank: Average interest rates on loans up in January, monthly decrease on deposits 

Skopje, 29 January 2024 (MIA) - In January 2024, the average interest rate on the outstanding amounts of loans equaled 5.55% and increased by 0.08 and 0.57 percentage points on a monthly and annual basis, respectively, the National Bank said on Thursday.

The average interest rate on the outstanding amounts of deposits amounted to 1.72% and decreased by 0.07 percentage points on a monthly basis, amid annual growth of 0.79 percentage points.

In January, the average interest rate on newly granted loans registered a minimal monthly growth of 0.01 percentage points and equaled 5.22%, while on an annual basis it increased by 0.17 percentage points. The average interest rate on newly received deposits equaled 2.22% and decreased by 0.15 percentage points on a monthly basis, amid annual growth of 0.71 percentage points.

In January 2024, the average interest rate on the outstanding amounts of corporate loans registered a monthly growth of 0.11 percentage points and amounted to 5.44%, while the interest rate on newly granted loans to the corporate sector amounted to 5.21% and decreased by 0.09 percentage points on a monthly basis.

In January 2024, the interest rate on the outstanding amounts of household loans equaled 5.65% and increased by 0.06 percentage points on a monthly basis. This month, the average interest rate on newly granted household loans registered a monthly growth of 0.24 percentage points, reads the National Bank's press release.

Photo: MIA archive, National Bank