Banks double their profits

Banks double their profits

Skopje, November 27, 2014/Independent Balkan News Agency

By Naser Pajaziti

During the first nine months of the year, banks in FYROM have made profits amounting to 39 million Euros, which is twice as much as the same period last year.

The results announced by the Central Bank show that banks are expected to meet their positive expectations.

Banks have also reported a rise in profits and revenues from interest rates and banking provisions. Last year, private banks in the country reported profits amounting to 19,3 million Euros.

FYROM has six private banks with foreign capital that dominate the market. Among them, the most powerful one is Sparkasse Bank with a 65 million Euro capital. /ibna/