Serbian citizens owe to banks EUR 560 on average

Belgrade, June 26. (Serbia Today) - Average credit debt of Serbian citizens has reached EUR 560, while the delay in payment of loans is increasing every month by 0.1 percent, shows data which were presented on Monday. Although the General Secretary of the Association of Serbian Banks Veroljub Dugalic said the numbers were “still not alarming”, the delay in paying back loans represents “a worrying tendency which could represent a serious problem in the long run”, he added. Even before the global economic crisis there was a delay of 1.2 percent in the repayment of debts, so the present trend should not be cause for worry, Dugalic noted. He pointed out that loans which were taken out for refinancing demonstrate the fastest growth and that people raise them so as to consolidate other debts into one loan, or to pay off the incoming obligations.