credit boom

Serbia private-sector credit growth accelerates to 16.9% in March 2026

Serbia’s banking sector has shifted from post-inflation caution into an expansion phase, with private-sector credit growth emerging as a key macro-financial indicator. An investor presentation by the National Bank of Serbia reports total private-sector lending rising by 16.9% year on year in March 2026. The same presentation places credit back at the centre of Serbia’s growth dynamics. Households and corporates drive faster lending The strongest expansion is in household lending, where loans to households increased by 20.9% year on year.…