{"id":20195,"date":"2022-04-21T02:11:06","date_gmt":"2022-04-21T00:11:06","guid":{"rendered":"https:\/\/mba.mk\/w\/?page_id=20195"},"modified":"2026-04-20T09:36:56","modified_gmt":"2026-04-20T07:36:56","slug":"medbsrnm","status":"publish","type":"page","link":"https:\/\/mba.mk\/w\/en\/medbsrnm\/","title":{"rendered":"Macroeconomic data and the Banking system of the Republic of North Macedonia"},"content":{"rendered":"

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\n

\n Macroeconomic data and the Banking system of the Republic of North Macedonia\n <\/h2>\n <\/div><\/div>[\/vc_column][\/vc_row][vc_row css=”.vc_custom_1575769512356{padding-bottom: 20px !important;}”][vc_column][vc_text_separator title=”stats” color=”juicy_pink”][vc_column_text css=”.vc_custom_1776670603561{padding-left: 20px !important;}”]<\/p>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/th>\n12\/31\/2024<\/span><\/th>\n3\/31\/2025<\/span><\/th>\n6\/30\/2025<\/span><\/th>\n9\/30\/2025<\/span><\/th>\n12\/31\/2025<\/span><\/th>\n<\/tr>\n
in millions of denars \/ %<\/span><\/strong><\/span><\/td>\nin millions of denars \/ %<\/span><\/strong><\/span><\/td>\nin millions of denars \/ %<\/span><\/strong><\/span><\/td>\nin millions of denars \/ %<\/span><\/strong><\/span><\/td>\nin millions of denars \/ %<\/span><\/strong><\/span><\/td>\nin millions of denars \/ %<\/span><\/strong><\/span><\/td>\n<\/tr>\n
Foreign reserves (units in millions of euros)<\/strong><\/td>\n5,019<\/td>\n4,788<\/td>\n4,698<\/td>\n4,723<\/td>\n4,925<\/td>\n<\/tr>\n
GDP (units in millions of euros)<\/strong><\/td>\n+3.0%<\/td>\n+3.2%<\/td>\n+3.4%<\/td>\n+3.8%<\/td>\n+3.8%<\/td>\n<\/tr>\n
Inflation<\/strong><\/td>\n3,5%<\/td>\n4,2%<\/td>\n3,8%<\/td>\n4,0%<\/td>\n4,1%<\/td>\n<\/tr>\n
Unemployment Rate<\/td>\n11,9%<\/td>\n11,6%<\/td>\n11,5%<\/td>\n11,5%<\/td>\n11,4%<\/td>\n<\/tr>\n
MKD\/EUR<\/td>\n61.495<\/td>\n61.695<\/td>\n61.656<\/td>\n61.6946<\/td>\n61.495<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Total assets of the Banking system<\/strong><\/td>\n824,812<\/strong><\/td>\n821,983<\/strong><\/td>\n858,401<\/strong><\/td>\n881,290<\/strong><\/td>\n934,656<\/strong><\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Total loans<\/strong><\/td>\n489,924<\/strong><\/td>\n500,964<\/strong><\/td>\n524,186<\/strong><\/td>\n533,919<\/strong><\/td>\n564,423<\/strong><\/td>\n<\/tr>\n
– households<\/td>\n249.532 (51%)<\/td>\n254.722 (51%)<\/td>\n262.606 (50%)<\/td>\n269.056 (50%)<\/td>\n276.812<\/td>\n<\/tr>\n
– non-financial companies<\/td>\n242.338 (49%)<\/td>\n247.077 (49%)<\/td>\n257.315 (49%)<\/td>\n260.821<\/td>\n279.343<\/td>\n<\/tr>\n
Rate of non-performing loans<\/td>\n2,69 %<\/td>\n2,53 %<\/td>\n2,45 %<\/td>\n2,30 %<\/td>\n2,04 %<\/td>\n<\/tr>\n
Coverage of non-performing loans with impairment<\/td>\n62,94 %<\/td>\n60,81 %<\/td>\n61,70 %<\/td>\n62,1 %<\/td>\n66,13 %<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Deposits<\/strong><\/td>\n600,967<\/strong><\/td>\n598,155<\/strong><\/td>\n615,093<\/strong><\/td>\n628,344<\/strong><\/td>\n659,498<\/strong><\/td>\n<\/tr>\n
– households<\/td>\n396.898 (66%)<\/td>\n400.473 (67%)<\/td>\n411.723 (67%)<\/td>\n422.795<\/td>\n444.758<\/td>\n<\/tr>\n
– non-financial companies<\/td>\n176.281 (29%)<\/td>\n170.788 (29%)<\/td>\n176.337 (29%)<\/td>\n178.299<\/td>\n187.819<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Capital & reserves<\/strong><\/td>\n105,206<\/strong><\/td>\n109,644<\/strong><\/td>\n114,947<\/strong><\/td>\n115,086<\/strong><\/td>\n115,289<\/strong><\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Capital adequacy ratio<\/strong><\/td>\n18.90 %<\/strong><\/td>\n18.83 %<\/strong><\/td>\n19.63 %<\/strong><\/td>\n19.54 %<\/strong><\/td>\n19.45 %<\/strong><\/td>\n<\/tr>\n
foreign capital-participation<\/td>\n79,72 %<\/td>\n79,72 %<\/td>\n80,47 %<\/td>\n80,47 %<\/td>\n83,00 %<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
ROA<\/strong><\/td>\n2,20 %<\/strong><\/td>\n2,17 %<\/strong><\/td>\n2,19 %<\/strong><\/td>\n2,26 %<\/strong><\/td>\n2,13 %<\/strong><\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
ROE<\/strong><\/td>\n17.60 %<\/strong><\/td>\n16.62 %<\/strong><\/td>\n16.78 %<\/strong><\/td>\n17.50 %<\/strong><\/td>\n17.00 %<\/strong><\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Financial result<\/strong><\/td>\n17,390<\/strong><\/td>\n4,464<\/strong><\/td>\n9,235<\/strong><\/td>\n14,459<\/strong><\/td>\n18,723<\/strong><\/td>\n<\/tr>\n
Weighted interest rates on granted loans, outstanding amounts<\/strong><\/td>\n5.30%<\/td>\n5.15%<\/td>\n5.03%<\/td>\n4.85%<\/td>\n4.76%<\/td>\n<\/tr>\n
– mkd<\/td>\n5,71 %<\/td>\n5,63 %<\/td>\n5,46 %<\/td>\n5,26 %<\/td>\n5,12 %<\/td>\n<\/tr>\n
– foreign currency<\/td>\n4,70 %<\/td>\n4,42 %<\/td>\n4,36 %<\/td>\n4,20 %<\/td>\n4,15 %<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Weighted interest rates on received deposits, outstanding amounts<\/strong><\/td>\n2.17%<\/td>\n2.18%<\/td>\n2.20%<\/td>\n2.20%<\/td>\n2.21%<\/td>\n<\/tr>\n
– mkd<\/td>\n2,70 %<\/td>\n2,73 %<\/td>\n2,74 %<\/td>\n2,71 %<\/td>\n2,72 %<\/td>\n<\/tr>\n
– foreign currency<\/td>\n1,68 %<\/td>\n1,65 %<\/td>\n1,65 %<\/td>\n1,67 %<\/td>\n1,66 %<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Bank’s reserve requirement ratios<\/strong><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Liabilities in:<\/strong><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
– Domestic currency up to 2 years<\/td>\n8.0%<\/td>\n8.0%<\/td>\n8.0%<\/td>\n9.0%<\/td>\n9.0%<\/td>\n<\/tr>\n
– Domestic currency over 2 years<\/td>\n0.0%<\/td>\n0.0%<\/td>\n0.0%<\/td>\n9.0%<\/td>\n9.0%<\/td>\n<\/tr>\n
– Domestic currency with FX clause<\/td>\n100%<\/td>\n100%<\/td>\n100%<\/td>\n100%<\/td>\n100%<\/td>\n<\/tr>\n
– Foreign currency up to 2 years<\/td>\n21%<\/td>\n21%<\/td>\n21%<\/td>\n22%<\/td>\n22%<\/td>\n<\/tr>\n
– Foreign currency over 2 years<\/td>\n5.0%<\/td>\n5.0%<\/td>\n5.0%<\/td>\n10.0%<\/td>\n10.0%<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Reference rate for calculating the penalty interest rate<\/strong><\/td>\n6.30%<\/td>\n5.55%<\/td>\n5.55%<\/td>\n5.35%<\/td>\n5.35%<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
NATIONAL BANK POLICY RATES<\/strong><\/td>\n5,55%<\/td>\n5,35%<\/td>\n5,35%<\/td>\n5,35%<\/td>\n4,00%<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\n

Source: Ministry of Finance, State Statistical office,<\/strong><\/span>
\nNBRNM, Financial Stability Department, in accordance with the recommendations contained in IMF guide to calculating financial stability indicators and Monetary Statistics Department<\/strong><\/span><\/p>\n

\n\n\n\n
The credit rating<\/strong>
\nof the Republic of North Macedonia<\/strong><\/span><\/td>\n		BB- Outlook Stable<\/strong>
\nStandard & Poor\u2019s
\npublished January 25, 2025<\/span><\/em><\/td>\n		BB+ Outlook Stable<\/strong>
\nFitch Ratings
\nCredit rating agency
\npublished March 26, 2025<\/span><\/em><\/td>\n		BB- Outlook Stable\/B<\/strong>
\nStandard & Poor\u2019s
\npublished July 30, 2025<\/span><\/em><\/td>\n		BB+ Outlook Stable<\/strong>
\nFitch Ratings
\nCredit rating agency
\npublished September 20, 2025<\/span><\/em><\/td>\n		BB- Outlook Stable<\/strong>
\nStandard & Poor\u2019s
\npublished January 24, 2026<\/span><\/em><\/td>\n		BB+ Outlook Stable<\/strong>
\nFitch Ratings
\nCredit rating agency
\npublished April 6, 2026<\/span><\/em><\/td>\n		BB- Outlook Stable<\/strong>
\nStandard & Poor\u2019s
\npublished April 7, 2026<\/span><\/em><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\n

Source: www.nbrm.mk<\/a> \u2502 January 25, 2025<\/strong><\/span>
\nSource: www.nbrm.mk<\/a> \u2502 March 26, 2025<\/strong><\/span>
\nSource: www.finance.gov.mk<\/a> \u2502 July 30, 2025<\/strong><\/span>
\nSource: www.finance.gov.mk<\/a> \u2502 September 20, 2025<\/strong><\/span>
\nSource: www.finance.gov.mk<\/a> \u2502 January 24, 2026<\/strong><\/span>
\nSource: www.nbrm.mk<\/a> \u2502 April 6, 2026<\/strong><\/span>
\nSource: www.nbrm.mk<\/a> \u2502 April 7, 2026<\/strong><\/span>[\/vc_column_text][vc_separator color=”juicy_pink”][\/vc_column][\/vc_row][vc_row css=”.vc_custom_1575769512356{padding-bottom: 20px !important;}”][vc_column offset=”vc_hidden-lg vc_hidden-md vc_hidden-sm vc_hidden-xs”][vc_text_separator title=”stats” color=”juicy_pink”][vc_column_text css=”.vc_custom_1710268192965{padding-left: 20px !important;}”]<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/th>\n12\/31\/2021<\/span><\/th>\n3\/31\/2022<\/span><\/th>\n6\/30\/2022<\/span><\/th>\n9\/30\/2022<\/span><\/th>\n12\/31\/2022<\/span><\/th>\n3\/31\/2023<\/span><\/th>\n6\/30\/2023<\/span><\/th>\n9\/30\/2023<\/span><\/th>\n12\/31\/2023<\/span><\/th>\n<\/tr>\n
Macroeconomic data and the Banking system of the Republic of North Macedonia<\/strong><\/span><\/td>\nin millions of denars \/ %<\/span><\/strong><\/span><\/td>\nin millions of denars \/ %<\/span><\/strong><\/span><\/td>\nin millions of denars \/ %<\/span><\/strong><\/span><\/td>\nin millions of denars \/ %<\/span><\/strong><\/span><\/td>\nin millions of denars \/ %<\/span><\/strong><\/span><\/td>\nin millions of denars \/ %<\/span><\/strong><\/span><\/td>\nin millions of denars \/ %<\/span><\/strong><\/span><\/td>\nin millions of denars \/ %<\/span><\/strong><\/span><\/td>\nin millions of denars \/ %<\/span><\/strong><\/span><\/td>\n<\/tr>\n
Foreign reserves (units in millions of euros)<\/strong><\/td>\n3.643,28<\/td>\n3.272,54<\/td>\n3,116.11<\/td>\n3,753.78<\/td>\n3,862.86<\/td>\n4,159.20<\/td>\n4,189.7<\/td>\n3,901.72<\/td>\n4,538.45<\/td>\n<\/tr>\n
GDP<\/td>\n723,239<\/td>\n+2.4%<\/td>\n+2.8%<\/td>\n+2.0%<\/td>\n+0.6%<\/td>\n+2.1%<\/td>\n+1.1%<\/td>\n+1.2%<\/td>\n<\/td>\n<\/tr>\n
Inflation<\/strong><\/td>\n3,2%<\/td>\n7,7%<\/td>\n10,0%<\/td>\n12,4%<\/td>\n14,2%<\/td>\n16,1%<\/td>\n13,6%<\/td>\n11,5%<\/td>\n9,4%<\/td>\n<\/tr>\n
Unemployment Rate<\/td>\n15,2%<\/td>\n14,8%<\/td>\n14,5%<\/td>\n14,3%<\/td>\n14,4%<\/td>\n13,3%<\/td>\n13,1%<\/td>\n12,8%<\/td>\n<\/td>\n<\/tr>\n
MKD\/EUR<\/td>\n61.6270<\/td>\n61.6950<\/td>\n61.6950<\/td>\n61.495<\/td>\n61.493<\/td>\n61.695<\/td>\n61.632<\/td>\n61.502<\/td>\n61.495<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Total assets of the Banking system<\/strong><\/td>\n638,666<\/strong><\/td>\n635,968<\/strong><\/td>\n643,906<\/strong><\/td>\n657,256<\/strong><\/td>\n684,255<\/strong><\/td>\n675,891<\/strong><\/td>\n699,060<\/strong><\/td>\n703,789<\/strong><\/td>\n746,739<\/strong><\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Total loans<\/strong><\/td>\n383,627<\/strong><\/td>\n393,812<\/strong><\/td>\n404,440<\/strong><\/td>\n411,696<\/strong><\/td>\n422,522<\/strong><\/td>\n419,129<\/strong><\/td>\n430,213<\/strong><\/td>\n432,312<\/strong><\/td>\n440,560<\/strong><\/td>\n<\/tr>\n
– households<\/td>\n196.167 (51%)<\/td>\n199.493 (51%)<\/td>\n208.836 (51%)<\/td>\n212.017 (51%)<\/td>\n214.965 (51%)<\/td>\n217.462 (51%)<\/td>\n222.303 (52%)<\/td>\n225.537 (52%)<\/td>\n229.404 (52%)<\/td>\n<\/tr>\n
– non-financial companies<\/td>\n183.639 (48%)<\/td>\n190.516 (48%)<\/td>\n197.797 (48%)<\/td>\n198.210 (48%)<\/td>\n205.974 (48%)<\/td>\n203.297 (48%)<\/td>\n209.650 (47%)<\/td>\n208.347 (48%)<\/td>\n212.768 (48%)<\/td>\n<\/tr>\n
Rate of non-performing loans<\/td>\n3,2 %<\/td>\n3,09 %<\/td>\n3,24 %<\/td>\n3,31 %<\/td>\n2,89 %<\/td>\n2,85 %<\/td>\n2,87 %<\/td>\n2,82 %<\/td>\n2,77 %<\/td>\n<\/tr>\n
Coverage of non-performing loans with impairment<\/td>\n66,3 %<\/td>\n66,4 %<\/td>\n65,97 %<\/td>\n67,61 %<\/td>\n69,38 %<\/td>\n71,10 %<\/td>\n70,42 %<\/td>\n69,43 %<\/td>\n70,10 %<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Deposits<\/strong><\/td>\n468,844<\/strong><\/td>\n454,700<\/strong><\/td>\n455,635<\/strong><\/td>\n469,603<\/strong><\/td>\n493,955<\/strong><\/td>\n490,137<\/strong><\/td>\n509,826<\/strong><\/td>\n516,317<\/strong><\/td>\n539,602<\/strong><\/td>\n<\/tr>\n
– households<\/td>\n309.051 (66%)<\/td>\n305.135 (67%)<\/td>\n307.662 (68%)<\/td>\n313.420 (67%)<\/td>\n323.084 (66%)<\/td>\n326.468 (67%)<\/td>\n334.797 (66%)<\/td>\n334.745 (65%)<\/td>\n348.745 (64%)<\/td>\n<\/tr>\n
– non-financial companies<\/td>\n142.478 (30%)<\/td>\n131.825 (29%)<\/td>\n122.783 (27%)<\/td>\n130.519 (28%)<\/td>\n142.629 (29%)<\/td>\n134.347 (28%)<\/td>\n146.947 (28%)<\/td>\n151.004 (29%)<\/td>\n161.432 (30%)<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Capital & reserves<\/strong><\/td>\n73,779<\/strong><\/td>\n76,626<\/strong><\/td>\n79,655<\/strong><\/td>\n82,731<\/strong><\/td>\n84,361<\/strong><\/td>\n87,996<\/strong><\/td>\n89,731<\/strong><\/td>\n92,561<\/strong><\/td>\n92,910<\/strong><\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Capital adequacy ratio<\/strong><\/td>\n17,31 %<\/strong><\/td>\n17 %<\/strong><\/td>\n17,30 %<\/strong><\/td>\n17,71 %<\/strong><\/td>\n17,72 %<\/strong><\/td>\n18.04 %<\/strong><\/td>\n18.18 %<\/strong><\/td>\n18.36 %<\/strong><\/td>\n18.10 %<\/strong><\/td>\n<\/tr>\n
foreign capital-participation<\/td>\n76,29 %<\/td>\n76,29 %<\/td>\n76,29 %<\/td>\n76,29 %<\/td>\n77,72 %<\/td>\n77,72 %<\/td>\n77,61 %<\/td>\n77,61 %<\/td>\n78,80 %<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
ROA<\/strong><\/td>\n1,5 %<\/strong><\/td>\n1,6 %<\/strong><\/td>\n1,71 %<\/strong><\/td>\n1,66 %<\/strong><\/td>\n1,46 %<\/strong><\/td>\n2,23 %<\/strong><\/td>\n2,15 %<\/strong><\/td>\n2,33 %<\/strong><\/td>\n2,00 %<\/strong><\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
ROE<\/strong><\/td>\n12,9 %<\/strong><\/td>\n14 %<\/strong><\/td>\n14,30 %<\/strong><\/td>\n13,72 %<\/strong><\/td>\n12,24 %<\/strong><\/td>\n17.58 %<\/strong><\/td>\n17.05 %<\/strong><\/td>\n18.27 %<\/strong><\/td>\n16.13 %<\/strong><\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Financial result<\/strong><\/td>\n9,150<\/strong><\/td>\n2,624<\/strong><\/td>\n5,485<\/strong><\/td>\n8,051<\/strong><\/td>\n9,675<\/strong><\/td>\n3,787<\/strong><\/td>\n7,422<\/strong><\/td>\n12,119<\/strong><\/td>\n14,296<\/strong><\/td>\n<\/tr>\n
Weighted interest rates on granted loans, outstanding amounts<\/strong><\/td>\n4.37%<\/td>\n4.30%<\/td>\n4.27%<\/td>\n4.35%<\/td>\n4.44%<\/td>\n5.04%<\/td>\n5.12%<\/td>\n5.49%<\/td>\n5.47%<\/td>\n<\/tr>\n
– mkd<\/td>\n4,65 %<\/td>\n4,58 %<\/td>\n4,57 %<\/td>\n4,67 %<\/td>\n4,72 %<\/td>\n5,15 %<\/td>\n5,28 %<\/td>\n5,70 %<\/td>\n5,74 %<\/td>\n<\/tr>\n
– foreign currency<\/td>\n4,02 %<\/td>\n3,96 %<\/td>\n3,91 %<\/td>\n3,98 %<\/td>\n4,12 %<\/td>\n4,91 %<\/td>\n4,93 %<\/td>\n5,25 %<\/td>\n5,13 %<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Weighted interest rates on received deposits, outstanding amounts<\/strong><\/td>\n0.74%<\/td>\n0.70%<\/td>\n0.67%<\/td>\n0.70%<\/td>\n0.86%<\/td>\n1.11%<\/td>\n1.40%<\/td>\n1.59%<\/td>\n1.79%<\/td>\n<\/tr>\n
– mkd<\/td>\n1,08 %<\/td>\n1,03 %<\/td>\n1,03 %<\/td>\n1,06 %<\/td>\n1,26 %<\/td>\n1,50 %<\/td>\n1,83 %<\/td>\n2,04 %<\/td>\n2,27 %<\/td>\n<\/tr>\n
– foreign currency<\/td>\n0,45 %<\/td>\n0,44 %<\/td>\n0,40 %<\/td>\n0,42 %<\/td>\n0,55 %<\/td>\n0,79 %<\/td>\n1,05 %<\/td>\n1,21 %<\/td>\n1,39 %<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Bank’s reserve requirement ratios<\/strong><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Liabilities in:<\/strong><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
– Domestic currency<\/td>\n8%<\/td>\n8%<\/td>\n6,5%<\/td>\n5%<\/td>\n5%<\/td>\n5%<\/td>\n5%<\/td>\n5%<\/td>\n5%<\/td>\n<\/tr>\n
– Domestic currency with FX clause<\/td>\n50%<\/td>\n50%<\/td>\n50%<\/td>\n50%<\/td>\n50%<\/td>\n50%<\/td>\n50%<\/td>\n100%<\/td>\n100%<\/td>\n<\/tr>\n
– Foreign currency<\/td>\n15%<\/td>\n15%<\/td>\n16.5%<\/td>\n18.0%<\/td>\n19.0%<\/td>\n19.0%<\/td>\n19.0%<\/td>\n21.0%<\/td>\n21.0%<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Reference rate for calculating the penalty interest rate<\/strong><\/td>\n1,25%<\/td>\n1,25%<\/td>\n1,25%<\/td>\n2%<\/td>\n4.75%<\/td>\n4.75%<\/td>\n4.75%<\/td>\n6.00%<\/td>\n6.30%<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
NATIONAL BANK POLICY RATES<\/strong><\/td>\n1,25%<\/td>\n1,25%<\/td>\n2%<\/td>\n3%<\/td>\n4.75%<\/td>\n5.50%<\/td>\n6%<\/td>\n6,3%<\/td>\n6,3%<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\n

Source: Ministry of Finance, State Statistical office,<\/strong><\/span>
\nNBRNM, Financial Stability Department, in accordance with the recommendations contained in IMF guide to calculating financial stability indicators and Monetary Statistics Department<\/strong><\/span><\/p>\n

\n\n\n\n
The credit rating<\/strong>
\nof the Republic of North Macedonia<\/strong><\/span><\/td>\n		Rating BB-\/Stable\/B<\/strong>
\nStandard & Poor\u2019spublished August 23, 2021<\/span><\/em><\/td>\n		‘BB-\/B’ Ratings Affirmed; <\/strong>
\nOutlook Stable<\/strong>
\nStandard & Poor\u2019spublished February 18, 2022<\/span><\/em><\/td>\n		BB+ with a negative outlook<\/strong>
\nFitch Ratings
\nCredit rating agencypublished May 19, 2022<\/span><\/em><\/td>\n		‘BB-\/B’ Ratings Affirmed;
\nOutlook Stable<\/strong>
\nStandard & Poor\u2019spublished August 20, 2022 <\/span><\/em><\/td>\n		BB+ with a negative outlook<\/strong>
\nFitch Ratings Credit rating agencypublished October 29, 2022<\/span><\/em><\/td>\n		BB- Outlook Stable<\/strong>
\nStandard & Poor\u2019spublished January 28, 2023<\/span><\/em><\/td>\n		BB+ Outlook Stable<\/strong>
\nFitch Ratings
\nCredit rating agencypublished April 15, 2023<\/span><\/em><\/td>\n		BB- Outlook Stable<\/strong>
\nStandard & Poor\u2019spublished July 29, 2023<\/span><\/em><\/td>\n		BB+ Outlook Stable<\/strong>
\nFitch Ratings
\nCredit rating agencypublished October 07, 2023<\/span><\/em><\/td>\n		BB+ Outlook Stable<\/strong>
\nStandard & Poor\u2019spublished January 30, 2024<\/span><\/em><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\n

Source: www.spglobal.com\/standard-poor-s-ratings-ratingsdirect<\/a> \u2502 August 23, 2021)<\/strong><\/span>
\nSource: www.spglobal.com\/standard-poor-s-ratings-ratingsdirect<\/a> \u2502 February 18, 2022)<\/strong><\/span>
\nSource: www.fitchratings.com (Rating Report Republic of North Macedonia)<\/a> \u2502 May 19, 2022)<\/strong><\/span>
\nSource: www.spglobal.com\/standard-poor-s-ratings-ratingsdirect<\/a> \u2502 August 20, 2022)<\/strong><\/span>
\nSource: NBRNM, https:\/\/www.nbrm.mk<\/a> \u2502 October 29, 2022)<\/strong><\/span>
\nSource: Ministry of Finance, https:\/\/finance.gov.mk<\/a> \u2502 October 29, 2022)<\/strong><\/span>
\nSource: www.spglobal.com\/standard-poor-s-ratings-ratingsdirect<\/a> \u2502 January 28, 2023)<\/strong><\/span>
\nSource: www.fitchratings.com (Rating Report Republic of North Macedonia<\/a> \u2502 April 15, 2023)<\/strong><\/span>
\nSource: https:\/\/www.nbrm.mk\/ns-newsarticle-soopstenie<\/a> \u2502 July 29, 2023)<\/strong><\/span>
\nSource: www.fitchratings.com (Rating Report Republic of North Macedonia<\/a> \u2502 October 07, 2023)<\/strong><\/span>
\nSource: www.nbrm.mk\/ns-newsarticle-press-release<\/a> \u2502 January 30, 2024)<\/strong><\/span>[\/vc_column_text][vc_separator color=”juicy_pink”][\/vc_column][\/vc_row][vc_row css=”.vc_custom_1649766224560{padding-bottom: 50px !important;}”][vc_column][vc_toggle title=”PRESENTATION – 09\/30\/2025″ style=”rounded_outline” color=”juicy_pink” el_id=”1748719954899-110823fd-4113″]