New legal framework and practical issues for non-performing loans in Serbia
Non-performing loans (NPL) have steadily risen in Serbia over the last several years. This rise has adversely affected the financial results and capital of banks, thus leading to increased credit risk. Faced with this problem, the National Bank of Serbia amended the Decision on Risk Management of Banks in December 2012. This allowed for the possibility of assignment of receivables from NPLs granted to legal entities by the bank to any legal entity, provided that these receivables are due for payment.
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