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NBS: Dinar savings increase as of April

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Dinar-denominated savings have recorded an increase since April, after two quarters marked by a sharp drop, totalling RSD 40 billion at the end of June, which is by RSD 3.5 billion more than at the end of March.

Savings in foreign currency remained almost unchanged compared to the first quarter of the year and the stake of the dinar-denominated savings in total savings increased by 0.3 per cent to 3.8 per cent, states the Report on Dinarisation posted on the website of the National Bank of Serbia.

The increase of the dinar-denominated savings is especially high with savings with maturity dates of over one year (RSD 2.3 billion), and for the most part comes from the savings with maturity dates of one to two years (RSD 2 billion).

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Foreign currency savings in the second quarter of the year increased by EUR 16.4 million, totalling EUR 8,376 million at the end of June.

Banks granted higher amounts of new loans for the economy and citizens in the second quarter of the year compared to the previous quarter.

Intensified granting of foreign currency and foreign currency indexed loans led to a further drop of the stake of dinar-denominated loans in the total sum of newly-appointed loans to the economy and citizens, and these dropped by 3.8 per cent to 26.3 per cent, states the report.

Source; SerbGov

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