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Politika Online – On average, every citizen owes the bank 1,000 euros

Citizens are increasingly borrowing from banks and are currently recovering around seven billion euros. Recalculated every citizen is obliged to bank about a thousand euros, even the one who had no debts at all. From the point of view of the World Bank or the office in Belgrade, the problem is that citizens have cash loans of three billion euros, which is precisely the responsibility for home loans. They explain that cash loans are riskier because they do not go to investments, but to consumption. And when someone has too many debts, the chance of a debt cannot be repaid.

Bankers, on the other hand, are increasingly looking for more relaxed citizens for money loans.

– Our people are much less guilty than those in neighboring countries or the rest of Europe. Because that seven billion euros is only one fifth of the gross domestic product. Wages are rising and they are a crucial factor in raising debt, economic activity is increasing, all macroeconomic indicators are excellent. Inflation is low, the rate is stable. Moreover, the National Bank has limited that cash loans can be repaid for a maximum of eight years. In short, we cannot see the risks of increased loans – says a banker.

At Eurobank, they point out that the trend of a substantial demand for cash and refinancing credits will continue in 2019, mainly due to the stable market and good macroeconomic indicators.

– Stable and favorable interest rates, as well as economic growth and the increase in employment of the population, opened the possibility of additional loans and contributed to the growth in demand for loans. Dinar loans represent the bulk of lending in terms of cash loans and refinancing loans, mainly due to favorable credit conditions, the stability of interest rate movements, around 10 percent, and the confidence that citizens have in their national currency – say in this bank.

Erste Bank confirms that since the beginning of the year, interest in cash and refinancing loans has risen steadily. The average amount of borrowed money is around 400,000 dinar, and the current nominal interest rate for cash loans is 4.54 percent, plus a three-month beliborh, which now stands at around 3 percent, so the total interest rate is around 7.5 percent .

The Bank of Intesa says that the growth of cash loans is constantly growing.

– It is the most result of preparations for the spring or summer holidays at this time of the year. Given the needs of citizens during this period, we have prepared a special offer for customers who opt for a cash loan with a nominal fixed interest rate of 6.5 percent, effective from 11.52 percent, while the repayment period is 12 months. We launched the first online realization of cash loans up to 600,000 dinars within 15 minutes from the time of submitting the request to the time of realization, without going to the branch and without additional documentation, they say at this bank.

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