IMF Staff Country Reports

Republic of Serbia: Financial Sector Assessment Program Update: Technical Note on Corporate and Household Debt Restructuring

Publication Date:

May 27, 2010

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

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.

Series:

Country Report No. 2010/152

Subject:

Asset and liability management Banking Collateral Debt restructuring Debt settlement Financial crises Financial institutions Loans