After declining for two months in a row,
The ratio of bank assets to full-year GDP forecast fell to 98% from 105% at end-December and 102% a year ago, according to IntelliNews calculations.
Domestic credit, which accounts for 56% of total banking sector assets, shrank 0.2% y/y to RSD 2,186.4bn at end-January, improving from a 1.9% y/y decline at end-December, due to rising retail lending.
Loans to households grew 5.3% y/y to RSD 677.4bn at end-January, quickening from a 3.2% y/y hike the month before. Loans to companies remained in the red, shrinking 8.9% y/y to RSD 992.5bn after a 9.5% contraction at end-December.
The banking sector's foreign assets grew 6.8% y/y to RSD 1,440bn at end-January, after edging up 0.5% the month before mainly due to higher central bank foreign assets.
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