financial stability

Serbia Household Lending Rises 19.9% as Bank Credit Expansion Accelerates

Serbian bank lending continued to accelerate in August, with household borrowing rising 19.9% year on year as consumer and housing credit expanded significantly faster than lending to companies and entrepreneurs. Total outstanding loans to households, companies and entrepreneurs reached RSD 4.757 trillion, equivalent to about €40.5 billion, at the end of August, according to Credit Bureau data from the Association of Serbian Banks. The stock of loans was 15.7% higher than a year earlier and increased 1.2% from July. Household…