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Macedonia: Foreign Currency Lending Massively Up
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Parents of Macedonian banks have only very limited influence on their subsidiaries, the EBRD reports.
Macedonia: Foreign Currency Lending Massively Up / Picture: © Wikimedia Commons / By MacedonianBoy ([1]) [CC BY-SA 3.0]
“The banking landscape of FYR Macedonia is characterised by an obvious clustering of branches around Skopje and a sprinkling around the remainder of the country. The large presence of foreign-owned banks results in the perception by the respondent banks that they are strong competitors. However, a larger share of Macedonian banks views private domestic banks as strong…
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