Serbian bank lending volume rises 7.7%

Serbian bank lending volume rises 7.7%

Published at: 2018-12-28 10:53 | Author: CIJEurope.com
Lending volumes continued to grow in the third quarter of 2018 thanks to strong economic growth and favorable movements in the labor markets, according to a study from the Serbian National Bank (NBS). It writes that interest rates continue to run at nearly record lows. The favorable lending conditions are being helped by the ongoing policy of monetary easing, while the fall in the country risk for Serbia has also played a low. The NBS carried out a survey of the country's banks which found that demand for loans is rising and that year-on-year growth in the volume of loans since September 2017 was 7.7 percent. At the same time, the share of loans to GDP is within normal trends meaning the bank sees no risk to financial stability.

Similar Stories:

Raiffeisen's expansion in Bosnia reaches 100th branch office
Raiffeisen Bank has opened its 100th branch office in Bosnia in Sarajevo on Mrehemica squa  »
AIK takes over Gorenjska banka
AIK banka has taken over Slovenia’s Gorenjska banka. The acquisition by the Serbian bank  »
ČSOB acquisition of ČSS given green light
The Czech antimonopoly office has approved a deal under which the bank ČSOB bought out th  »
K&H Bank’s Q1 profit fall 19%
K&H Bank’s first quarter profit fell 19 percent y-o-y to HUF 12.2bn. The lender’s  »
Can you explain the issue of the so-called Greed Tax that was created by the Romanian gove   »
CIJ: Why is the financial crisis from the last decade still relevant today? The echoes ar   »
One of the long-standing paradoxes of Slovakia’s property market has long how difficult   »
The future is not out of our hands. Indeed, the main purpose of organised real estate is t   »