| 12/31/2021 | 3/31/2022 | 6/30/2022 | 9/30/2022 | 12/31/2022 | 3/31/2023 | 6/30/2023 | 9/30/2023 | 12/31/2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Macroeconomic data and the Banking system of the Republic of North Macedonia | in millions of denars / % | in millions of denars / % | in millions of denars / % | in millions of denars / % | in millions of denars / % | in millions of denars / % | in millions of denars / % | in millions of denars / % | in millions of denars / % |
| Foreign reserves (units in millions of euros) | 3.643,28 | 3.272,54 | 3,116.11 | 3,753.78 | 3,862.86 | 4,159.20 | 4,189.7 | 3,901.72 | 4,538.45 |
| GDP | 723,239 | +2.4% | +2.8% | +2.0% | +0.6% | +2.1% | +1.1% | +1.2% | |
| Inflation | 3,2% | 7,7% | 10,0% | 12,4% | 14,2% | 16,1% | 13,6% | 11,5% | 9,4% |
| Unemployment Rate | 15,2% | 14,8% | 14,5% | 14,3% | 14,4% | 13,3% | 13,1% | 12,8% | |
| MKD/EUR | 61.6270 | 61.6950 | 61.6950 | 61.495 | 61.493 | 61.695 | 61.632 | 61.502 | 61.495 |
| Total assets of the Banking system | 638,666 | 635,968 | 643,906 | 657,256 | 684,255 | 675,891 | 699,060 | 703,789 | 746,739 |
| Total loans | 383,627 | 393,812 | 404,440 | 411,696 | 422,522 | 419,129 | 430,213 | 432,312 | 440,560 |
| – households | 196.167 (51%) | 199.493 (51%) | 208.836 (51%) | 212.017 (51%) | 214.965 (51%) | 217.462 (51%) | 222.303 (52%) | 225.537 (52%) | 229.404 (52%) |
| – non-financial companies | 183.639 (48%) | 190.516 (48%) | 197.797 (48%) | 198.210 (48%) | 205.974 (48%) | 203.297 (48%) | 209.650 (47%) | 208.347 (48%) | 212.768 (48%) |
| Rate of non-performing loans | 3,2 % | 3,09 % | 3,24 % | 3,31 % | 2,89 % | 2,85 % | 2,87 % | 2,82 % | 2,77 % |
| Coverage of non-performing loans with impairment | 66,3 % | 66,4 % | 65,97 % | 67,61 % | 69,38 % | 71,10 % | 70,42 % | 69,43 % | 70,10 % |
| Deposits | 468,844 | 454,700 | 455,635 | 469,603 | 493,955 | 490,137 | 509,826 | 516,317 | 539,602 |
| – households | 309.051 (66%) | 305.135 (67%) | 307.662 (68%) | 313.420 (67%) | 323.084 (66%) | 326.468 (67%) | 334.797 (66%) | 334.745 (65%) | 348.745 (64%) |
| – non-financial companies | 142.478 (30%) | 131.825 (29%) | 122.783 (27%) | 130.519 (28%) | 142.629 (29%) | 134.347 (28%) | 146.947 (28%) | 151.004 (29%) | 161.432 (30%) |
| Capital & reserves | 73,779 | 76,626 | 79,655 | 82,731 | 84,361 | 87,996 | 89,731 | 92,561 | 92,910 |
| Capital adequacy ratio | 17,31 % | 17 % | 17,30 % | 17,71 % | 17,72 % | 18.04 % | 18.18 % | 18.36 % | 18.10 % |
| foreign capital-participation | 76,29 % | 76,29 % | 76,29 % | 76,29 % | 77,72 % | 77,72 % | 77,61 % | 77,61 % | 78,80 % |
| ROA | 1,5 % | 1,6 % | 1,71 % | 1,66 % | 1,46 % | 2,23 % | 2,15 % | 2,33 % | 2,00 % |
| ROE | 12,9 % | 14 % | 14,30 % | 13,72 % | 12,24 % | 17.58 % | 17.05 % | 18.27 % | 16.13 % |
| Financial result | 9,150 | 2,624 | 5,485 | 8,051 | 9,675 | 3,787 | 7,422 | 12,119 | 14,296 |
| Weighted interest rates on granted loans, outstanding amounts | 4.37% | 4.30% | 4.27% | 4.35% | 4.44% | 5.04% | 5.12% | 5.49% | 5.47% |
| – mkd | 4,65 % | 4,58 % | 4,57 % | 4,67 % | 4,72 % | 5,15 % | 5,28 % | 5,70 % | 5,74 % |
| – foreign currency | 4,02 % | 3,96 % | 3,91 % | 3,98 % | 4,12 % | 4,91 % | 4,93 % | 5,25 % | 5,13 % |
| Weighted interest rates on received deposits, outstanding amounts | 0.74% | 0.70% | 0.67% | 0.70% | 0.86% | 1.11% | 1.40% | 1.59% | 1.79% |
| – mkd | 1,08 % | 1,03 % | 1,03 % | 1,06 % | 1,26 % | 1,50 % | 1,83 % | 2,04 % | 2,27 % |
| – foreign currency | 0,45 % | 0,44 % | 0,40 % | 0,42 % | 0,55 % | 0,79 % | 1,05 % | 1,21 % | 1,39 % |
| Bank’s reserve requirement ratios | |||||||||
| Liabilities in: | |||||||||
| – Domestic currency | 8% | 8% | 6,5% | 5% | 5% | 5% | 5% | 5% | 5% |
| – Domestic currency with FX clause | 50% | 50% | 50% | 50% | 50% | 50% | 50% | 100% | 100% |
| – Foreign currency | 15% | 15% | 16.5% | 18.0% | 19.0% | 19.0% | 19.0% | 21.0% | 21.0% |
| Reference rate for calculating the penalty interest rate | 1,25% | 1,25% | 1,25% | 2% | 4.75% | 4.75% | 4.75% | 6.00% | 6.30% |
| NATIONAL BANK POLICY RATES | 1,25% | 1,25% | 2% | 3% | 4.75% | 5.50% | 6% | 6,3% | 6,3% |
Source: Ministry of Finance, State Statistical office,
NBRNM, Financial Stability Department, in accordance with the recommendations contained in IMF guide to calculating financial stability indicators and Monetary Statistics Department
| The credit rating of the Republic of North Macedonia |
Rating BB-/Stable/B Standard & Poor’spublished August 23, 2021 |
‘BB-/B’ Ratings Affirmed; Outlook Stable Standard & Poor’spublished February 18, 2022 |
BB+ with a negative outlook Fitch Ratings Credit rating agencypublished May 19, 2022 |
‘BB-/B’ Ratings Affirmed; Outlook Stable Standard & Poor’spublished August 20, 2022 |
BB+ with a negative outlook Fitch Ratings Credit rating agencypublished October 29, 2022 |
BB- Outlook Stable Standard & Poor’spublished January 28, 2023 |
BB+ Outlook Stable Fitch Ratings Credit rating agencypublished April 15, 2023 |
BB- Outlook Stable Standard & Poor’spublished July 29, 2023 |
BB+ Outlook Stable Fitch Ratings Credit rating agencypublished October 07, 2023 |
BB+ Outlook Stable Standard & Poor’spublished January 30, 2024 |
Source: www.spglobal.com/standard-poor-s-ratings-ratingsdirect │ August 23, 2021)
Source: www.spglobal.com/standard-poor-s-ratings-ratingsdirect │ February 18, 2022)
Source: www.fitchratings.com (Rating Report Republic of North Macedonia) │ May 19, 2022)
Source: www.spglobal.com/standard-poor-s-ratings-ratingsdirect │ August 20, 2022)
Source: NBRNM, https://www.nbrm.mk │ October 29, 2022)
Source: Ministry of Finance, https://finance.gov.mk │ October 29, 2022)
Source: www.spglobal.com/standard-poor-s-ratings-ratingsdirect │ January 28, 2023)
Source: www.fitchratings.com (Rating Report Republic of North Macedonia │ April 15, 2023)
Source: https://www.nbrm.mk/ns-newsarticle-soopstenie │ July 29, 2023)
Source: www.fitchratings.com (Rating Report Republic of North Macedonia │ October 07, 2023)
Source: www.nbrm.mk/ns-newsarticle-press-release │ January 30, 2024)
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