commercial banks

Serbia’s Commercial Bank Borrowing Climbs to €5.56 Billion Amid Infrastructure Expansion

Serbia’s outstanding borrowing from commercial banks reached €5.56 billion at the end of August 2026, an increase of more than 70% over two years, as the government relies increasingly on bank financing to fund infrastructure development. The shift is changing the composition of public debt and raising questions about financing costs, refinancing requirements and access to credit for private businesses. Figures from the Public Debt Administration show that government loans from commercial banks increased by approximately €185 million in August…