The National Bank of the Republic of North Macedonia published remarks by Governor Trajko Slaveski at a World Savings Day event organised by the Macedonian Banking Association, arguing that saving is a “systemic necessity” and a key factor for sustainable economic growth and financial stability amid global uncertainty and successive crises. He highlighted that households have maintained a propensity to save and confidence in the banking system, with household deposits reaching MKD 427 billion in September 2025, a rise of more than 50% since the start of the pandemic. The increased share of denar-denominated and longer-term deposits was presented as contributing to stability and strengthening economic resilience. Slaveski also linked stronger domestic saving to higher growth potential and reduced dependence on external financing, calling on regional economies to rely more on their own savings as a driver of investment and long-term stability.
National Bank of the Republic of North Macedonia 2025-11-03
National Bank of the Republic of North Macedonia highlights savings as a systemic necessity and reports household deposits at MKD 427 billion
Governor Trajko Slaveski of the National Bank of the Republic of North Macedonia stressed the necessity of saving for sustainable growth and financial stability at a World Savings Day event. He noted household deposits reached MKD 427 billion in September 2025, highlighting increased denar-denominated and longer-term deposits as key to economic resilience. Slaveski urged regional economies to enhance domestic savings to boost growth potential and reduce reliance on external financing.