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Western Balkans Struggling with NPL
People ♦
Published: November 11, 2013; 20:23 ♦ (Vindobona)

The high percentage of non-performing loans in the Western Balkan region is affecting the financial stability of the region’s countries.

In the years after the financial crisis, the CESEE region became highly susceptible to external shocks and more dependent on foreign sentiments. In particular, Southeastern Europe did not establish a sustainable growth model in the pre-crisis years. In the boom phase until 2008, the growth model of many CESEE countries was mainly based on consumption, loans and the inflow of foreign…
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