At the end of February, the total debt owed to banks by legal entities, entrepreneurs and individuals reached 3.816 trillion dinars, with legal entities accounting for the largest share at 2.091 trillion dinars, followed by individuals at 1.642 trillion dinars, according to the latest report from the Credit Bureau of the Association of Banks of Serbia (UBS). This represents an 11.7% increase in total debt compared to the previous year.
As in previous years, individuals primarily owed the most through cash loans, which amounted to 790.03 billion dinars by the end of February, followed by housing and renovation loans at 702.65 billion dinars.
The overall loan repayment delay averaged 2.6% across all three borrower categories, with the highest delays seen in entrepreneurs (4.9%), followed by legal entities (2.9%), and the smallest delays in individuals (2.1%). Delays for individuals remained consistent compared to the previous month, while delays for legal entities and entrepreneurs showed an increase.
UBS data also revealed that on February 28, Serbia had 9.3 million open current accounts, with 6.08 million active users. The number of credit cards issued stood at 1.12 million, with 910,513 active users. While the number of current accounts and active users increased from the previous year, both the number of credit cards and users saw a decline.
