Overview of the financial system in North Macedonia

Mitreva, Mila and Davcev, Ljupco and Gogova Samonikov, Marija (2024) Overview of the financial system in North Macedonia. 7th International Scientific Conference "Challenges of Tourism and Business Logistics in the 21st Century" - (ISCTBL), 7 (1). pp. 60-64.

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Abstract

The financial sector in N. Macedonia is composed of deposit and non-deposit financial institutions. The banking sector is dominant in the financial system, while the participation of the other institutions is relatively lower. Although the total assets of the deposit institutions were 86.4% in 2022,
these institutions faced declining trend in their assets throughout the past several years. In 2022 the total assets of the non-deposit institutions were 20.8%, however, with an increasing trend in the past several years. The obligatory pension funds have contributed mostly to the total growth of the assets of the nondeposit financial institutions. Therefore, considering the current dominant role of the banks and the upcoming importance of the non-deposit financial institutions, the aim of this paper is to deeply analyze the structure оf the total assets of separate deposit and non-deposit financial institutions in the financial sector of N. Macedonia.

Item Type:	Article
Subjects:	Social Sciences > Economics and business
Divisions:	Faculty of Economics
Depositing User:	Mila Mitreva
Date Deposited:	11 Sep 2024 07:59
Last Modified:	11 Sep 2024 07:59
URI:	https://eprints.ugd.edu.mk/id/eprint/34610

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