Serbian banks' NPL ratio rises at end-December

Banking

Photo by ToskanaINC / Shutterstock.com

The ratio of non-performing loans (NPLs) in Serbia's banking sector rose to 3.7% at the end of December from record-low 3.4% in September, the country's central bank said.

On August 1, the central bank introduced a fresh two-month moratorium on loan repayments after the first, 90-day moratorium, expired at the end of June. As many as, 93% of individuals and 94% of entrepreneurs availed themselves of the first moratorium, which applied to loans worth about EUR 2 billion in total.

Serbia's corporate NPL ratio rose to 3.1% from 2.5% in September, while household NPL ratio remained unchanged at 3.6%, the central bank said. 

MNB Joins Capacity-building Alliance of Sustainable Investme... MNB

MNB Joins Capacity-building Alliance of Sustainable Investme...

EC to Propose Opening Excessive Deficit Procedure Against Hu... EU

EC to Propose Opening Excessive Deficit Procedure Against Hu...

Uni of Miskolc, CATL Debrecen Sign Cooperation Agreement Deals

Uni of Miskolc, CATL Debrecen Sign Cooperation Agreement

Int'l Travelers to Europe Prioritize Safety, Quality This Su... Tourism

Int'l Travelers to Europe Prioritize Safety, Quality This Su...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.