Tag: banks

There has been a significant reduction of the profits of the banks in North Macedonia in the first quarter of this year, and due to the coronavirus crisis, rise of the rate of the irrecoverable loans is expected, the new data of the National Banks reveal. In the first quarter of 2020, total profits of the 15 banks in the...

Ministers from yesterday's government session have accepted the information on the signing of the Memorandum of Cooperation between the Government of the Republic of Macedonia, the United Nations Office for Project Services (UNOPS) and the Ministry of Foreign Affairs of the Kingdom of Norway represented by the Embassy of the Kingdom of Norway for Serbia and Montenegro, for the...

Last month, citizens withdrew 67 million euros from banks, and deposits have decreased by 22 million euros, says the recent data from the National Bank. Unlike citizens, who have continued the trend of withdrawing money from banks, firms and business’s are returning money back to the banks. In May they deposited 29.6 million euros back into the banking system. A month...

Citizens have withdrawn a record amount of money from banks in April of 58.5 million euros ($ 3.6 billion), which is 1.6 percent of total deposits. Today the Governor of the National Bank of Macedonia, Dimitar Bogov said he has regular meeting with the bankers at the Economic Chamber of Macedonia. "National Bank intervened with 77 million euros in the...

Macedonian banks last year approved loans amounting up to 400 million euros, according to the latest data from the National Bank. According to information from December, the credit was largely directed to the corporate sector, and a smaller amount to the household sector. Following measures taken by the National Bank, this year banks will tighten controls for issuing consumer loans. The goal...

The Governor of the National Bank, Dimitar Bogov appealed to political parties not to interfere with the banks in their political battles. “Political pressures on banks is just unacceptable and incompatible with market economy. Considering that most of the banks are foreign-owned, political pressure on banks could have disastrous consequences on their perception of the business climate in Macedonia, and...

From November the 11th, the current composition of staff at the State Election Commission (SEC), have been working despite the fact that their mandate has expired, made a scandalous decision for their own political interest on the account of the citizens ,said the leader of the opposition SDSM, Zoran Zaev accusingly at a press conference. He said the SDSM will...

Banks in Greece are open today for the first time in three weeks, but limits to cash withdrawals remain. People can now take out 420 euro once per week, instead of the 60 euro limit per day. Today comes into force the VAT rate hike from 13 to 23 per cent. German chain of markets Lidl announced yesterday in Greek...

Greece received green light from the European Central Bank for the extension of emergency assistance for liquidity, but at a higher price. ECB decided to continue the program in the same framework, but cut collateral guarantees, which are used for bank liquidity. According to analysts, this means that the limit of funds that banks may withdraw from emergency liquidity fund...

European Central Bank (ECB) today announced that it will continue with the current financial aid to Greek banks through the mechanism of emergency which is in force since February this year. "Given the current circumstances, the Management Board of the European Central Bank decided to proceed with immediate liquidity of Greek banks," the statement reads, but it is added that...