Growth of bad loans stopped
He specified at a press conference that the overall level of bad debts was at 20.7% with bad loans to citizens and companies accounting for 10.4% and 25.8%, respectively.
- This is the first small encouragement, an encouraging information that these bad loans are not growing any more - Dugalic stressed and added it was the first step towards systemic solving of the problem.
He noted that the situation in 2013 had been much less favorable because the overall level of bad loans at the end of October 2013 had been at 24.5% with bad debts of juristic persons accounting for 31.5% of all debts.
When asked to comment on the announcement by Finance Minister Dusan Vujovic that the investment fund KKR offered a solution adapted to fit concrete situation and conditions in Serbia, which is to "attack" the management of companies that do not repay loans, he said it was a correct way to eliminate the cause of the problem that lied in the economy and not in banks.
Most Important News
11.03.2024. | Healthcare
Are Marketing Experts Reading Our Minds? – eKapija Investigates: What Neuromarketing Is and How Much It Is Used in Serbia
11.03.2024. | Construction, Transport
Tender for Continuation of Construction of Patrijarha Pavla Blvd Stopped – Contractors Demanding Price Higher Than Estimated
11.03.2024. | Construction, Transport
11.03.2024. | Construction, IT, Telecommunications
Auction for 5G Network by End-Year, Minister Announces
11.03.2024. | Construction, IT, Telecommunications
28.03.2024. | Construction
Beginning of Construction of First “Green Dam” in Serbia Which Will Supply 500,000 People with Drinking Water
28.03.2024. | Construction
17.01.2024. | Industry, Healthcare
Ceremony of Opening of Centers of Excellence in Kragujevac Planned for Spring – Official Beginning of Operations in June
17.01.2024. | Industry, Healthcare
27.03.2024. | Industry, Transport, Finance
City to Waive Over 30 Zemun and Palilula Bus Lines to Private Transporters – Draft Public-Private Partnership for 10-Year Period Ready, Job Worth Half a Billion Euros
27.03.2024. | Industry, Transport, Finance