Bloomberg News

Serbian Late Payments Improve as Lending Volumes Fall in January

February 13, 2013

Serbian lending volumes fell 3.1 percent in January from the previous month as the net rate of non-performing loans dropped to the lowest level in six months.

Credits for corporate and individual borrowers were 2.2 trillion dinars ($26.5 billion), down from 2.3 trillion dinars at the end of December, the Serbian Bank Association said today in a report on its website. Data from all 32 commercial lenders in the country showed a 3.5 percent decline in corporate loans and a 2.1 percent decrease in borrowing by individuals.

The average net rate of late payments, defined as 15 days past due or more for corporate clients and at least 60 days for individuals, decreased 0.7 percentage points to 13 percent, the lowest since July.

The net rate among companies fell to 16.2 percent from 17.3 percent in December, while rising 0.1 percentage point to 4.7 percent among individuals, according to the report.

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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