Savings and lending increased
Skopje, 21 October 2022 (MIA) - The total deposits in the banks in September on an annual level recorded a growth of 3.4%, and the total credit support increased by 9.9%, the National Bank announced.
The growth of the deposit mass is entirely due to higher deposits in the household sector. The growth of total loans, on the other hand, is the result of increased lending to both sectors, and it is more pronounced in the corporate sector.
In September, the money supply recorded a monthly growth of 0.9%, primarily as a result of higher deposit money, with lower growth in long-term deposits up to two years, while short-term deposits and cash in circulation recorded a decline. On an annual basis, the money supply increased by 3.7%, mostly due to the growth of short-term deposits, with an additional growth of deposit money, and in conditions of a decline in long-term deposits up to two years and cash in circulation.
Total deposits in September increased by 0.9% on a monthly basis, due to the growth of deposits in both sectors, with a greater contribution from the "households" sector. The annual growth is 3.4% and is almost entirely due to the higher deposits of the "households" sector.
Total loans recorded monthly and annual growth of 0.9% and 9.9%, respectively. Moreover, the upward monthly and annual change is the result of the increased crediting of both sectors, which is more pronounced in the corporate sector.
In September, the total deposits of the corporate sector increased by 1.5% on a monthly basis. The upward change primarily results from the growth of deposit money, with a growth in long-term deposits in denars and in foreign currency and short-term deposits in denars, while short-term deposits in foreign currency recorded a decline. On an annual level, these deposits have increased by 0.4%, as a result of higher deposit money and short-term deposits in foreign currency and in denars, in conditions of a decline in long-term deposits in foreign currency and in denars.
Loans to the corporate sector achieved a monthly growth of 1.1%, with an annual growth of 12.6%. At the same time, the upward change on both bases is due to the increased lending in denars and in foreign currency, with a slightly higher contribution of loans in foreign currency.
Household deposits, in September, recorded a monthly growth of 1.1%. The monthly change mostly results from the growth of deposit money and short-term deposits in foreign currency, with a lower growth of long-term deposits in foreign currency and in denars, and in conditions of a slight decline in short-term deposits in denars.
Analyzed on an annual basis, the growth is 5.3% and mainly is due to higher short-term deposits in foreign currency, with a smaller positive contribution to long-term deposits in foreign currency and deposit money, while long-term and short-term deposits in denars recorded a decline.
Loans to households increased by 0.7% on a monthly basis, in conditions of growth in lending in denars and in foreign currency, with a greater contribution of loans in foreign currency.
Compared to the same month of the previous year, household loans are higher by 7.6%, as a result of increased loans in denars and in foreign currency, with a slightly more pronounced contribution of loans in denars.
In September, according to the purpose of the loans granted to individuals, consumer and housing loans, as the most represented categories, recorded a monthly growth of 0.8% and 0.9%, respectively, with an annual growth of 6.7% and 12 .9%, respectively.
According to the revised data, there was a monthly decrease of 0.5% in car loans, with an annual growth of 0.8%. In September, credit card loans fell by 0.1% month-on-month and year-on-year, respectively, while negative current account balances fell by 2.0% month-on-month and were unchanged year-on-year. Loans approved on other grounds are lower by 1.2% on a monthly basis and 17.1% on an annual basis. dk/sk/
