November 27 (SeeNews) - The share of dinar-denominated loans extended by Serbian banks in the third quarter of 2018 stood at 36.6% of the total, up from 32.8% in the like period of last year, Serbia's central bank, NBS, said.
The share of dinar-denominated deposits of households in the third quarter fell by 0.3 of a percentage point on the year to 22.4%, NBS said in a quarterly report on Monday.
The Serbian banks extended dinar-denominated loans worth a combined 348.2 billion dinars ($3.3 billion/2.9 billion euro) in the July-September period, up by 10.1 billion dinars quarter-on-quarter, the NBS said.
At the end of September, the total value of household and corporate deposits amounted to 2.098 trillion dinars, up by 25.3 billion dinars on the quarter. The dinar-denominated deposits accounted for 31.0% of the total at the end of September, up from 30.5% in June.
In 2012, the Serbian government and NBS adopted a strategy for the "dinarisation" of the country's economy. The aim of the strategy is to achieve a satisfactory level of use of the dinar in the financial system, in order to improve the country’s financial stability, lessen the risk of exchange rate volatility and reinforce the effectiveness of monetary policy.
(1 euro = 118.345 dinars)