As of the end of August, Serbia’s household debt reached 1.582 trillion dinars, marking a 1.1% increase from the previous month and a 6.0% rise compared to the end of September last year, according to the latest report from the Credit Committee of the Association of Serbian Banks (UBS).
The majority of this debt is comprised of cash loans, totaling slightly over 752 billion dinars. In second place are housing and renovation loans, which amount to just over 680 billion dinars. Housing loans account for 6.3% of the total number of household loans.
Regarding credit cards, as of August 31, there were 1.144 million issued credit cards, a slight increase from the 1.143 million reported a month earlier. Despite the rise in the number of cards issued, the number of cardholders decreased from 922,076 at the end of July to 921,792 at the end of August.
The UBS data indicates an improvement in debt repayment delays. The share of overdue payments in total household debt decreased from 2.4% at the end of last year to 2.2% by the end of August 2024.
