BELGRADE (Serbia), December 29 (SeeNews) – Serbia's central bank, the NBS, said on Friday the share of non-performing loans (NPL) in the country's banking sector declined to 11.9% at the end of October, the lowest ratio since end-2008.
The share of NPL in the banking sector was reduced by 10.4 percentage points from the level recorded in August 2015 when the NPL Resolution Strategy was adopted, the Serbian central bank said in a statement.
In August, the NBS said the share of NPL in Serbia's banking sector declined to 15.6% at the end of June, the lowest ratio since April 2009. The NPL ratio of Serbia's banking sector declined by 1.4 percentage points relative to December 2016 and was 6.7 percentage points lower than in August 2015, the NBS said back then.
The Serbian banking sector's NPL ratio stood at 17.0% at the end of December 2016.