Cash Loans See Strongest Increase in Serbia in October

Household Debt Rises to 1.873 Trillion Dinars as Demand for Cash Loans Grows

Household borrowing in Serbia increased by 2% in October compared to September, reaching 1.873 trillion dinars, data from the Association of Serbian Banks shows. Cash loans registered the strongest growth at 2.5%, outpacing consumer, housing, refinancing and agricultural loans.

Overall lending to businesses, citizens and entrepreneurs climbed to around 4.214 trillion dinars by the end of October, marking a 1.2% monthly rise. Corporate loans grew by 0.5% to roughly 2.248 trillion dinars, while borrowing by entrepreneurs increased 2.1% to about 93 billion dinars.

The level of overdue repayments remained unchanged, with 2% of all bank loans in arrears at the end of October — the same share recorded in September.

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