August 18 (SeeNews) - The ratio of non-performing loans (NPLs) to total loans in Serbia's banking sector stood at record-low 3.26% at the end of June, central bank governor Jorgovanka Tabakovic said on Thursday.
"The share of non-performing loans in total loans in June is lowered to a new lowest level so far of 3.26%, which indicates that the quality of banks' assets has not deteriorated even after the end of the state's economic assistance measures and that it does not represent an obstacle to the continued growth of credit activity," Tabakovic said in remarks to the presentation of NBS August 2021 inflation report published on the bank's website.
At the end of the first quarter of 2022, the NPL ratio in Serbia's banking sector stood at 3.5%.
Serbia's central bank started regular monitoring of NPLs in 2008. After a temporary decrease in the second half of 2012, NPL ratio rose again in 2013 and continued to grow in 2014, reaching record-high 22.5% in 2015.