Skopje, 21 September 2021 (MIA) – In August, total deposits increased at annual level by 9.9%, amid growth in both the corporate and household sector, more pronounced in the former. At annual level, total loans in August registered 6.4% increase, amid growth in both sectors, more pronounced in the household sector, North Macedonia’s National Bank said in a press release on Tuesday. In August 2021, the press release read, the broad money (monetary aggregate M31,2 ) increased by 1.6% compared to the previous month. The upward movement, it added, is mainly due to higher demand deposits, amid realized lower growth in both, short-term and long-term deposits up to two years, while currency in circulation declined. On an annual basis, broad money increased by 11.5%, mostly under the influence of the growth of demand deposits and short-term deposits, amid slower growth in other components. “In August, total deposits, increased by 1.8% and 9.9% on a monthly and on an annual basis, respectively. The growth of deposits is a result of higher deposits in both sectors, with more pronounced share in both, monthly and annual increase of corporate deposits. In August, total loans decreased by 0.3% on a monthly basis, which is completely a result of the decline in corporate loans. Analyzed on an annual basis, total loans increased by 6.4%, as a result of the increase in loans in both sectors, with a larger contribution of the household sector,” underlined the release. Moreover, total corporate deposits in August registered a monthly growth of 4.0%, due to the growth in all components, mostly pronounced in demand deposits and short-term deposits in foreign currency. On an annual basis, according to the release, total corporate deposits registered an increase of 20.2%, mostly due to the increase in demand deposits and short-term and long-term foreign currency deposits, amid fall in short-term denar deposits. This month, the press release read, corporate loans decreased by 0.8% on a monthly basis, primarily due to the decline in approved loans in foreign currency, amid smaller impact on the decline in denar loans. Analyzed annually, these loans increased by 4.5%, mostly due to approved loans in denars. In August, the central bank said, total households deposits registered a monthly increase of 0.9%, which is completely due to increased demand deposits and short-term deposits in foreign currency, amid fall in other components. Compared to the same month in the previous year, these deposits are higher by 7.4%, as a result of the growth in demand deposits and short-term deposits in foreign currency and in denars, while long-term deposits in denars and in foreign currency declined. In addition, household loans increased in August by 0.2%, as a result of the growth of denar and foreign currency loans, which was slightly more pronounced in foreign currency loans. The annual growth amounts to 7.9% and is due to the increased loans approved in both currencies, amid a larger contribution of denar loans. In August, analyzing the purpose of loans to individuals, consumer loans, as one of the most common categories, remained unchanged on a monthly basis, while on an annual basis they increased by 6.9%. Housing loans increased by 0.6% and 16.2%, on a monthly and on an annual basis, respectively. This month, car loans registered a monthly and an annual decline of 1.1% and 17.5%, respectively, while loans on credit cards decreased by 0.4% and 9.9%, on a monthly and on an annual basis, respectively. In August, the overdrafts of current accounts decreased by 0.2% on a monthly level, amid an annual growth of 1.8%, while loans granted on other basis declined on a monthly and an annual basis by 1.1% and 27.1%, respectively, read the National Bank’s press release.