bank loans

Serbia’s Household Lending Climbs 20% as Credit Supports Domestic Demand

Serbian banks expanded lending sharply in August, with household credit rising 19.9% year on year, strengthening consumer demand as economic growth increasingly relies on spending, construction and financing. Total loans extended to companies, entrepreneurs and households reached RSD 4.757 trillion, or approximately €40.5 billion, at the end of August, according to Credit Bureau data from the Association of Serbian Banks. The total was 15.7% higher than a year earlier. Household borrowing increased faster than corporate credit, reaching RSD 2.161 trillion,…