Tag Archives: credit expansion
Serbia’s credit expansion is supporting industry, but investors face a structural allocation gap
Serbia’s industrial turnover is rising alongside credit activity, but the latest indicators point to financing that supports output and liquidity more than it builds long-term productive…
Serbia’s credit expansion is supporting industry—but the money is not yet building capacity
Serbia’s industrial turnover is rising in step with credit activity, but export-led demand and working-capital financing dominate. The result is growth that sustains output without clearly…
Montenegro’s credit boom is reshaping the economy, not just funding it
Montenegro’s lending has grown about 15% year-on-year, but the central bank data point to a widening mismatch between fast credit expansion and the real economy’s ability…
Montenegro’s credit boom turns the growth engine inward, raising questions on capital allocation
In early 2026, Montenegro’s banking system is expanding faster than the real economy can absorb it: total loans reached €5.33 billion (+12.7% year-on-year) as household lending…
Montenegro’s credit-led momentum meets a worsening external backdrop
At the start of 2026, Montenegro’s macro picture shows accelerating domestic demand supported by credit expansion, lower borrowing costs and improving labour conditions. But export weakness—especially…