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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. 

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