Serbia's banking sector assets up 14.4% y/y at end-June.

By bne IntelliNews August 2, 2012
The total assets of Serbia's commercial banks increased by 14.4% y/y to RSD 3.1tn (EUR 26.3bn) at the end of June after rising an annual 19% a month earlier, data published by the National Bank of Serbia (NBS) showed. End-June total assets were down 0.8% on the month. Total assets rose by a monthly 3.3% in May. The end-June assets were 6.3% above the end-2011 level and accounted for 86.8% of the projected 2012 GDP. Total loans amounted to RSD 2.2tn (EUR 18.7bn) at the end of the June, up by 16.2% on the year but 1.3% down on the month, consolidated banking sector data showed. End-June total loans were up 10.8% in year-to-date terms. Within the domestic credit segment, loans disbursed to businesses accounted for 50% of the total loans and jumped by 12.2% on the year to nearly RSD 1.1tn at end-June. Loans to households were up by an annual 12.4% to RSD 656bn, accounting for 30% of all loans. In monthly terms, corporate loans fell 3.1% and retail loans rose 0.2% at the end of June. Bank claims on government recorded an annual increase of 35.3% to RSD 263bn, accounting for 12% of all loans at end-June. Loans to state-owned companies rose an annual 28.8% to RSD 104bn. Government borrowing was 4.7% higher m/m in June, while loan stock to public enterprises fell 5.5% in comparison with end-May.

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