August 1 (SeeNews) - The ratio of non-performing loans (NPLs) in Serbia's banking sector fell to 5.21% at the end of June from 5.4% a month earlier, central bank governor Jorgovanka Tabakovic said.
The NPL ratio is at its lowest level since the central bank started calculating it, Tabakovic said in a video file published by Tanjug news agency on Wednesday.
"In December, the NPL ratio was reduced to 5.7%, in May it was cut further to 5.4%, and the newest data shows that it fell to 5.21% at the end of June," Tabakovic said.
The central bank started regular monitoring of NPLs in 2008. After a temporary decrease in the second half of 2012, NPLs rose again in 2013 and continued to grow in 2014 and the first quarter of 2015. At the end of April 2015, NPLs in the Serbian banking sector reached 442.6 billion dinars ($4.2 billion/3.8 billion euro), or 23% of total loans.
(1 euro = 117.697 dinars)