Over 182 thousand individual and company bank accounts frozen in FYROM

Over 182 thousand individual and company bank accounts frozen in FYROM

Skopje, July 2, 2014/Independent Balkan News Agency

By Naser Pajaziti

In the former Yugoslav Republic of Macedonia, the trend of individual and company bank accounts continues to grow. According to the statistics published today by the State Authority of Statistics, 182.879 bank accounts were frozen in the month of May this year.

These data were secured by the Central Bank of the country. According to this information, 120 thousand bank accounts belong to individuals, while 62 thousand belong to private companies. Compared to the month of April, there’s been an increase of the number of frozen bank accounts and the new figures are a cause for concern.

The Central Bank says that individual accounts have been frozen due to the failure to pay utility bills and loan installments.

Meanwhile, company bank accounts have been frozen as a result of the failure to keep up with the loan installments that companies owe to banks and debts that companies owe to the state. /ibna/