Bloomberg News

Serbian Bank Lending Rises for Fifth Month, Defaults Stable

May 15, 2012

Bank lending in Serbia rose 1 percent in April to about 2 trillion dinars ($23 billion) and the average rate of net defaults was little changed from the previous month, the Association of Serbian Banks said.

The fifth consecutive monthly increase was led by lending to companies, which increased 1.2 percent to 1.36 trillion dinars, the Belgrade-based organization said. Borrowing by individuals and entrepreneurs increased 0.7 percent to 669 billion dinars.

The average net rate of non-performing loans remained at 11.6 percent, according to the monthly report representing all 33 commercial banks in Serbia.

Loan defaults, defined as falling behind on payments by 15 days or longer for companies and 60 days or more for individuals, declined among companies to 14.8 percent from 15 percent in March, according to the report. Defaults rose 10 basis points among entrepreneurs to 11.5 percent.

To contact the reporter on this story: Misha Savic in Belgrade at msavic2@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net


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