Republic of Serbia: Financial Sector Assessment Program Update: Technical Note on Corporate and Household Debt Restructuring
IMF Staff Country Reports, May 27, 2010
Source details
- Canonical URL
- Republic of Serbia: Financial Sector Assessment Program Update: Technical Note on Corporate and Household Debt Restructuring
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Bibliographic details
- Published: May 27, 2010
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781455205684.002
Summary and key finding
- 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.
- Despite a strongly capitalized banking system, the rise in NPLs 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.
Subjects and keywords
- 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