Serbia: Share of NPL Increases Dramatically

Businessn.a. ♦ Published: March 6, 2014; 12:51 ♦ (Vindobona)

The share of bad loans in Serbia has increased to 21.3 percent.

About 40 percent of loans provided for real estate companies go bad. / Picture: ©

As reported by the central bank of Serbia, the share of non-performing loans has increased by 21.3 percent to a total of € 3.45bn (RSD 400bn). As reported by Serbian daily Vecernje novosti the share of bad loans in some sectors is even higher than that.

According to media reports, around fifty percent of all loans granted in the construction industry are paid back in time while…