Serbia’s Tabaković deems NPL action plan a success

Share of NPLs in total banking sector loans has fallen from 22.2% to 16.1%

The governor of the National Bank of Serbia has deemed the institution’s action plan on non-performing loans (NPLs) a success after their share fell to their lowest level since 2010.

“Banks’ capacities have been strengthened, with improvements made in the field of application of accounting standards, transparency of bank operation, practice of forbearance and the development of the NPL market,” says Jorgovanka Tabaković.

Since the strategy was adopted in August 2015, the share of NPLs in total

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