More individuals and businesses interested on borrowing in FYROM

More individuals and businesses interested on borrowing in FYROM

Skopje, February 23, 2015/Independent Balkan News Agency

By Naser Pajaziti

Banks in FYR Macedonia have relaxed the criteria for individual loans and have made them tougher for businesses.

According to a report published by the central bank, in the third quarter of last year, there’s been a growing interest of individuals and businesses for loans.

But, the report says that criteria for businesses were more rigorous, in contrast to the criteria applied for individual loans.

“In spite of the rigorous criteria applied on business loans, applications have increased from 31,8% to 51%. Business loans have been demanded for the increase of business capacities and new investments”, reads the report of the central bank.

Meanwhile, interest for individual loans has been the same as last year. A part of the loans have been taken out to purchase homes and meet other other needs.

The central bank says that a further increase of demand for business loans will be seen in the period to come. /ibna/