Interest rates in August: average loans 4.67%, deposits 2.18% — new loans get more expensive

According to National Bank data published by Bankarstvo.mk, the average interest rate on total loans in August 2026 was 4.67 percent — down 0.01 percentage points on the month and 0.23 points year-on-year.

For deposits, as the National Bank data show, the average rate was unchanged from July, at 2.18 percent.

Meanwhile, the opposite movement was recorded in new banking products: the average rate on new loans rose by 0.26 points on the month and 0.22 points year-on-year, reaching 4.70 percent. New deposits also became more expensive — an average rate of 2.72 percent, up 0.30 points on the month and 0.66 points year-on-year.

In the corporate sector, according to the National Bank data, the average rate on total loans eased to 4.33 percent, while company deposits rose to 2.69 percent.

The sharpest rise was seen in new corporate loans, where the rate reached 4.68 percent after a monthly increase of 0.47 percentage points.