Tag: credit
Economy 11.08.23 | 14:04

The banks with record profits, the credit interest is rising

The continuous growth of the commercial banks’ credit interests didn’t decrease the companies’ and households’ debt. On the contrary, it increased it. The latest Central Bank data reveals that the interest on MKD credits is 5.9%, while the foreign currency credits’ interest...
Macedonia Economy 02.01.21 | 13:46

Both credits and deposits grew in 2020

Credits issued in 2020 rose by 5.4 percent by November, compared to the same period last year. The whole credit mass in Macedonia now stands at 5.7 billion EUR, said Maja Stevkova – Sterieva from the Macedonian Banking Association. Household deposits also grew by 8.3 percent to nearly 7 billion,...
Economy 02.09.20 | 09:05

Banks consider a second grace period for debtors hit by the coronavirus crisis

As many companies are set to begin repaying their loans in October, the NBRM Central Bank proposed that commercial banks allow another extension until March 2021 for companies and individuals who are in difficult position because of the coronavirus epidemic. With the onset of the coronavirus, banks were...
Economy 20.11.19 | 21:56

Angusev says he secured a 420 million EUR credit line from the World Bank

Outgoing Deputy Prime Minister Koco Angusev said tha the has secured a credit line from the World Bank worth 420 million EUR, which will be used to improve road infrastructure, introduce technological innovations and improve the competitiveness of Macedonian businesses, as well as environmental issues...
Economy 15.06.19 | 15:15

Fitch returns Macedonia’s credit rating to the pre-crisis level of BB+

The Fitch ratings agency elevated the Macedonian credit rating to BB+, from BB. With this, the rating returns to the pre-crisis level in 2015, when it was lowered due to the political crisis sparked by the SDSM party. Finance Minister Dragan Tevdovski said that the improvement of the rating reflects...

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