Every citizen of Serbia owes a little less than 3,000 euros, according to the latest official data. This number is reached by adding the debt of the population to banks, on the basis of loans and other banking products, with the official state debt per capita.
The total debt of the population of Serbia on loans, as of September 30, 2020, amounted to 9.816 euros, or 1,446 euros per capita. Debt per capita, including loans, credit cards, current account deficits and leasing contracts, amounts to 1,523 euros, according to the latest data from the Association of Serbian Banks.
Considering that the public debt of Serbia, according to available data, amounted to slightly more than 26 billion euros in July, that means that each inhabitant owed a little less than 1,400 euros on this basis. Thus, the total debt per capita is around 2,900 euros.
“The state of loans to the economy and households recorded double-digit growth year on year in 2020, which was contributed by the good realization of loans during the first quarter, easing of the monetary policy of the National Bank of Serbia, the effects of the moratorium intended for micro-enterprises, small and medium-sized enterprises and entrepreneurs within the guarantee scheme,” the National Bank of Serbia states for Blic.
According to the central bank, since the beginning of the year, loans to households have increased by 837.5 million euros, or nine percent, while their year-on-year growth accelerated to 13.1 percent in August (from 10 percent in December 2019).
In the structure of loans to households, cash loans are the most common – 44.6 percent and housing loans – 35.8 percent, Politika reports.
