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FYROM: Enough finances for private sector this year, bankers claim

17. March 2010. | 08:40

Source: MIA

Credit growth and support for businesses this year will be more significant. There will be enough finances for the private sector, bankers estimate.

Credit growth and support for businesses this year will be more significant. There will be enough finances for the private sector, bankers estimate.

- At the moment, the banking sector has funds. The total amount of loans in relation to deposits is 90%, which means they have 10% of unused potential as well as lines of credits from abroad. This should provide enough finances for the private sector, stated Stopanska Banka CEO Gligor Bisev at Tuesday's promotion of new bodies in the Economic Chamber of Macedonia.

According to Bisev, companies were interested in the European Investment Bank (EIB) credit, but considering the limited amount and the three-year deadline for returning funds, the demand has been limited.

- Banks have funds to finance investment projects and those for working capital. Combined with bank crediting and EIB loan, credit growth and support for businesses this year will be more significant, said Bisev.

Commenting the Government's anti-crisis measures, Bisev said they haven't been exhausted forever.

- Depending on ongoing trends, ideas, opportunities and situations, the Economic Chamber will continue taking initiatives and will discuss them with the Government in an attempt an ambient to be created where companies will be able to realise their profitable projects that are export-oriented, the CEO noted.

Companies however remain to tackle the most difficult part of these activities, Bisev concluded

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