Consumer, housing, automobile and current account loans increased in March

NBRSM / Photo: "Sloboden Pechat" / Dragan Mitreski

Total credits, in March, recorded a monthly growth of 0,3 percent, due to increased lending to the "households" sector. The annual growth is 6,1 percent and is due to the higher credits of both sectors, with a greater contribution from the "households" sector, the National Bank announced today.

Household loans increased by 0,5 percent on a monthly basis, with an annual growth of 6,8 percent. The monthly and annual growth, NB points out; are the result of increased lending in denars and in foreign currency, with a greater contribution of loans in foreign currency.

There was no change in loans to the corporate sector in March compared to the previous month. On an annual basis, a growth of 5,4 percent was recorded, which entirely results from the increased crediting in denars, in the conditions of the decline of loans in foreign currency.

‒ In March 2024, viewed according to the purpose of loans granted to individuals, consumer and housing loans, as the most represented categories, recorded a monthly growth of 0,4 percent and one percent, respectively, with an annual growth of 5,8 percent and 10,4 percent, respectively. Auto loans this month were up 1,8 percent and 13,1 percent on a monthly and annual basis, respectively, while credit card loans were down 0,8 percent and 6,8 percent, respectively, on a monthly and annual basis. . In March, negative balances on current accounts achieved a monthly growth of 2,3 percent, with an annual increase of 6,1 percent. In terms of loans approved on other grounds, there was a monthly drop of 1,7 percent, while on an annual basis they decreased by 21,2 percent, informs the NB.

Total deposits in March decreased by 0,9 percent on a monthly basis, entirely as a result of the drop in deposits of the corporate sector, while the deposits of the "households" sector grew. Compared on an annual basis, a growth of 9,3 percent was achieved, due to the increased deposits of both sectors, with a more pronounced contribution to the growth of the deposits of the "households" sector.

According to the central bank, total household deposits in March were higher by 0,1 percent and 8,7 percent on a monthly and annual basis, respectively. The growth in both bases is due to the higher long-term deposits and deposit money, in conditions of observed decline in short-term deposits.

In March, the total deposits of the corporate sector decreased by 2,4 percent on a monthly basis. The downward change is primarily due to the reduced deposit money, with an additional drop in short-term deposits, and in conditions of growth in long-term deposits. On an annual level, the deposits of the corporate sector have increased by 12,2 percent, mostly as a result of the growth of deposit money, short-term deposits in foreign currency and long-term deposits in denars, with an additional positive contribution from other components.

Dear reader,

Our access to web content is free, because we believe in equality in information, regardless of whether someone can pay or not. Therefore, in order to continue our work, we ask for the support of our community of readers by financially supporting the Free Press. Become a member of Sloboden Pechat to help the facilities that will enable us to deliver long-term and quality information and TOGETHER let's ensure a free and independent voice that will ALWAYS BE ON THE PEOPLE'S SIDE.

SUPPORT A FREE PRESS.
WITH AN INITIAL AMOUNT OF 60 DENARS

Video of the day