The total gross amount of non-performing loans (NPL) at the end of September dropped RSD 13.4 billion from the end of June, to RSD 425 billion, the National Bank of Serbia (NBS) announced Thursday.
- NPLs accounted for 22% of the total gross loans at the end of September, down 0.8% from the end of the previous quarter - NBS wrote in the report "Banking Sector in Serbia - Third Quarter Report".
Most of the non-performing loans were granted to juristic persons, although the share of NPLs in that sector was smaller at the end of September than at the end of June, dropping from 51 to 49.4%.
According to the data provided by the central bank, the total level of net loans approved by the banking sector of Serbia was nominally increased by RSD 16.1 billion at the end of the third quarter, meaning it grew 1% from the end of the previous quarter, reaching RSD 1,633.9 billion at the end of September.
As the NBS noted, the credit portfolio of banks is dominated by foreign currency loans and those denominated in foreign currencies, which account for 73.6% of total net loans. Long-term loans, 43.2% of which have a repayment period of more than five years, account for 73% of total net loans.
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