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Serbian Companies Weigh Dinar and Euro Loan Costs as Interest Rates Diverge

Serbian businesses face different borrowing costs depending on whether they take out dinar-denominated loans or financing linked to the euro, with the choice involving more than the headline interest rate. Data presented by the National Bank of Serbia (NBS) show a notable difference between average rates on new corporate lending in July 2026. The average interest rate on new loans to companies stood at 7.4% for dinar financing, compared with 5.2% for euro-denominated loans, according to the NBS September presentation.…

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