The financial sector remains stable. Deposits are on the rise. Credit financing will be resumed and it is likely interest rates to be reduced.

This was stated by participants in Tuesday's debate on topic "Current states in the financial sector and their impact over economy's development", organised as part of the 10th International Trade Fair of Finance and Business Opportunities (Finexpo 2012).

"The financial sector is stable. There are stable movements and there is no room for concern. Trends experience a setback, there is slight growth in the financial sector, which is due to stalled economic activity, uncertainty in the surrounding and EU's standstill," the governor of the National Bank (NBRM) Dimitar Bogov said.

In addition to fulfilling the basic objectives, he added, NBRM also supports the Macedonian economy through foreign exchange reserves, low balance of payments deficit and low referent interest rate of 3.75%.

Deputy PM and Finance Minister Zoran Stavreski said he expected the financial sector to remain stable in the future and a high level of loans to be delivered in the real sector.

"Without financing the real sector, banks would face decreased profitability thus affecting their functioning. The rate of credit activity in Macedonia is satisfactory amid current circumstances in Europe," stated Stavreski adding that the country would continue providing support by maintaining a low public debt and bringing fresh capital from external sources.