loan market

Serbian Household Cash Loans Reach EUR 9.2 Billion After 17.6% Annual Growth

Cash loans held by Serbian households totalled RSD 1,079.44 billion, or approximately EUR 9.2 billion, at the end of October, according to the Association of Serbian Banks (UBS). The outstanding balance was 17.6% higher than a year earlier, making cash borrowing the largest category of household credit in the latest report. The euro equivalent is based on an indicative exchange rate of RSD 117.5 per euro. Cash loans accounted for just under half of total household bank debt, which stood…