Former Yugoslav Republic of Macedonia Banking Soundness and Recent Lessons
August 1, 2000
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Summary
After several years of transition, major weaknesses in the banking and enterprise sectors remain the root cause of low growth. A large share of nonperforming assets in the portfolio of large banks, stemming from losses in the enterprise sector, has been a key impediment to financial sector development. The banking system has been crippled with low levels of intermediation, high cost of capital, severe lack of financial discipline, and poor allocation of credit. Reforms aimed at strengthening lending practices, encouraging foreign bank participation, improving bank supervision and, above all, a consolidation process that breaks away from the past are helping pave the path to economic recovery.
Subject: Bank deposits, Bank supervision, Banking, Commercial banks, Credit, Financial institutions, Financial regulation and supervision, Financial services, Foreign exchange, Money
Keywords: assets equivalent, balance sheet, Bank deposits, Bank supervision, Banking soundness, banking supervision, banking system assets, banks discretion, banks' liquidity needs, Commercial banks, Credit, credit portfolio, foreign exchange reserve, founding capital, illiquid bank, liquidity needs, liquidity position, payment operation, problem bank, WP
Pages:
33
Volume:
2000
DOI:
Issue:
145
Series:
Working Paper No. 2000/145
Stock No:
WPIEA1452000
ISBN:
9781451856538
ISSN:
1018-5941
