February 21 (SeeNews) - The outstanding personal loans of Serbian banks increased by 0.5% to 800.8 billion dinars (6.47 billion euro/$6.82 billion) at the end of January after growing 0.7% a month earlier, the Association of Serbian Banks said.
On an annual basis, the total value of outstanding personal loans in the country grew by 12.2% in January, the association said in a statement on Tuesday.
The share of personal loans overdue by more than 60 days totalled 6.8% in January, as much as in December.
Refinancing loans rose the most on the month, by 1.6% to 75 billion dinars, while housing credit grew by 0.7% to 389.3 billion dinars.
The outstanding value of cash credit totalled 262.7 billion dinars at the end of January, up 0.2% month-on-month, while agricultural loans edged down 0.1% to 51.4 billion dinars.
Consumer loans' outstanding value declined by 1.4% monthly to 22.5 billion dinars.
Serbia's outstanding personal loans, breakdown by type (in billions of dinars):
|
January 2017 |
December 2016 |
January 2016 |
Cash credit |
262.694 |
262.122 |
220.650 |
Consumer loans |
22.485 |
22.815 |
22.604 |
Refinancing loans |
75.008 |
73.851 |
49.422 |
Housing loans |
389.278 |
386.553 |
376.691 |
Agricultural loans |
51.379 |
51.427 |
44.486 |
Total |
800.844 |
796.768 |
713.853 |
The Serbian banking sector's non-performing loans (NPL) ratio declined to 17.03% at the end of December, down by 4.5 percentage points on the year, the country's central bank, NBS, said earlier in February. According to preliminary data, the NPL ratio of Serbia's banking sector is at its lowest level in the last four years
(1 euro = 123.801 dinars)