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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.
Western Balkans Struggling with NPL / Picture: © Vindobona.org
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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