Interest rates on new dinar loans in Serbia down 0.6pps y/y to 17.85% in Sep.

By bne IntelliNews October 29, 2012
Interest rates on new dinar loans in Serbia declined 0.6pps on the year to 17.85% in September, central bank data showed. In monthly terms, the weighted interest rates on dinar loans decreased by 0.89pps. Compared to end-2011, interest rate on loans in RSD rose by 0.68pps. The interest rates on household loans in dinars reached 21.04%, up 1.03pps y/y, while interest rate on corporate loans decreased by 0.9pps y/y to 16.61%. Weighted interest rates on new euro and dinar-denominated euro-indexed loans went down 0.54pps y/y and 0.57pps m/m to 7.7% in September. Interest rate on euro and euro-indexed loans declined 0.5pps y/y in the corporate segment to 7.68% in September, while interest rate on household loans dropped by 0.61pps y/y to 7.94%. The volume of new dinar loans rose 28% y/y to RSD 32.8bn (EUR 286.4mn) in September after increasing 27.5% y/y in August. The volume of EUR and EUR-denominated loans more than doubled in annual terms (up 118% y/y) to RSD 69.9bn after registering a 28.4% annual decline in August, supported by new government subsidised loans to the corporate sector.

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