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BELGRADE (Serbia), June 13 (SeeNews) – The ratio of non-performing loans (NPL) in Serbia's banking sector declined to 9.2% at the end of March, the central bank said.
The share of NPLs in the banking sector was reduced by 13.2 percentage points from the level recorded in August 2015 when the NPL Resolution Strategy was adopted, the central bank, NBS, said in a first-quarter credit activity report on Tuesday.
The NPL ratio fell to 11.1% at the end of November 2017, from 17.03% in December 2016, NBS said in March.
In the corporate lending segment, the share of NPL decreased by 0.7 percentage points quarter-on-quarter to 9.7% at the end of March 2018, the central bank said.
The NPL ratio of loans to individuals fell to 5.2% at the end of March, down 0.4 percentage points compared to December 31.
At the end of March, the NPL ratio of cash and mortgage loans to individuals stood at 4.0% and 6.0%, respectively, while the consumer loan NPL ratio was 3.6%.