Dinar cash loans for citizens in Serbia, they went up slightly in February, while housing in euros, they have become slightly cheaper.
When it comes to the economy, investment loans in dinars were somewhat more favorable, while loans for working capital in euros became significantly cheaper, writes Biznis.rs.
The interest rate on investment loans to the economy in dinars was reduced to 7,4 percent in February, thanks to which the total average weighted interest rate on newly approved dinar loans to the economy was reduced by 0,2 pp compared to January and amounted to 6,8 percent in February, announced the National Bank of Serbia (NBS).
The average interest rate weighted by the amounts of loans for the Serbian economy in dinars in January was 6,9 percent, while in the last quarter it was 6,5 percent on average.
How much has the interest rate changed?
The NBS points out that compared to June 2024, when monetary policy easing began, the interest rate on newly approved dinar loans to the economy is 1,3 pp lower
Although the NBS report states that the cost of dinar borrowing for investment loans was reduced in February, it is still higher than the interest rate that was valid for this type of loan in the last three months of the previous year, when it was 7,2 percent.
Similar to dinar loans, the drop in the interest rate on one type of loans to the economy contributed to the reduction of the total average weighted interest rate on newly approved loans to the economy in euros and euro-indexed loans in February by 0,2 pp, to 4,9 percent. Loans for working capital decreased in price by 0,4 pp, to 4,7 percent.
Compared to June 2024, the interest rate on newly approved loans in euros and euro-indexed loans to the economy is lower by 1,8 pp
On the other hand, the average weighted interest rates on newly placed dinar and foreign currency deposits of the economy in February were increased by 0,2 pp in comparison to January and amount to 4,6 percent for dinar deposits and 2,6 percent for foreign currency deposits. The dominant share of deposits in the total foreign currency deposits of the economy in February, about 89 percent, is in euros.
What are the changes for household loans?
When it comes to citizens, February recorded an additional slight growth of 0,1 pp, after the growth of 0,2 pp in January. Thus, the total average weighted interest rate on newly approved household dinar loans in February amounted to 8,4 percent.
As stated in the NBS report, the increase is a consequence of the increase in the interest rate on cash loans of also 0,1 percent and this rate also amounted to 8,4 percent in February.
Compared to August 2025, those rates are lower by 1,0 pp, which is the result of supervisory expectations of the NBS that the borrowing costs of citizens with lower incomes become more favorable, while compared to June 2024, the interest rate on newly approved household dinar loans is lower by 3,3 pp
The total average weighted interest rate on newly approved household loans in euros and euro-indexed loans remained unchanged and amounted to 4,6 percent in February, as well as in January.
What has changed with home loans
The interest rate on housing loans was reduced by 0,1 pp and amounted to 4,4 percent.
Compared to June 2024, the interest rate on newly approved loans in euros and euro-indexed loans to households is lower by 1,5 pp
The total average weighted interest rate on newly deposited household dinar deposits was unchanged compared to January and amounted to 4,8 percent in February, while it was reduced by 0,1 pp and amounted to 3,3 percent on foreign currency deposits.
The share of deposits in euros and euro-indexed deposits in the total foreign currency deposits of households in February amounted to about 98 percent, according to the NBS report.
Source: Biznis.rs
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