Republic of Serbia: Financial Sector Assessment Program Update: Technical Note on Corporate and Household Debt Restructuring
May 27, 2010
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This Technical Note assesses Corporate and Household Debt Restructuring in Serbia. As of June 2009, nonperforming loans (NPLs) in the banking system constituted 16.5 percent of total loans, owing primarily to the corporate sector. This marks a significant increase over 2008 and, despite a strongly capitalized banking system, underscores a troubling trend. In the current recessionary environment, more businesses are likely to encounter financial distress owing to a decline in demand, shrinking revenues, and untimely payments from their own debtors and customers.
Subject: Asset and liability management, Banking, Collateral, Debt restructuring, Debt settlement, Financial crises, Financial institutions, Loans
Keywords: Asia and Pacific, bank creditor, calculation process, Collateral, company dissolution procedure, CR, creditor obligation, Debt restructuring, Debt settlement, dissolution procedure, enforcement procedure, enforcement process, insolvency process, ISCR, judicial foreclosure, Loans, mortgage foreclosure procedure, reorganization process, resolution process
Pages:
21
Volume:
2010
DOI:
Issue:
152
Series:
Country Report No. 2010/152
Stock No:
1SRBEA2010008
ISBN:
9781455205684
ISSN:
1934-7685
