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Western Balkans Struggling with NPL

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.

Western Balkans Struggling with NPL / Picture: © Flickr

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…

This article includes a total of 455 words.

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