The situation has stabilised over the past several months and the growth of bad loans has been stopped, Veroljub Dugalic, secretary general of the Association of Serbian Banks, said on Wednesday.
The total level of bad debts is 20.7 percent – 10.4 percent among citizens and 25.8 percent among companies, Dugalic elaborated at a press conference.
He said that the situation was the most unfavourable in 2013, when bad loans were at 24.5 percent – and as much as 31.5 percent among legal persons – in late October that year.
It was really an enormous burden, so the first stable figures and even a slight drop is what is encouraging amid efforts to solve this issue systematically since it is a great burden on banking operations, Dugalic said.
Source; SerbGov
