What is banking, and what are its benefits in North Macedonia?

The industry of banking involves providing financial services like taking deposits, loaning money, and assisting with financial transactions. Banks are essential in the economy as they offer individuals and businesses access to necessary financial products like savings accounts, loans, and investment options. North Macedonia’s banking sector, currently going through reforms, presents opportunities for growth and investment by prioritizing modernization, efficiency, and expanding financial services in the changing economic environment.