More loans repaid than taken out in February

BELGRADE - The credit activity of banks in Serbia is stagnating, with more loans repaid than taken out in February, Secretary General of the Association of Serbian Banks (UBS) Veroljub Dugalic said on Wednesday.

He expressed the expectation that the National Bank of Serbia (NBS) would put all banks to stress test as recently agreed with the International Monetary Fund (IMF).

Presenting the results of the Credit Bureau for February, Dugalic told a news conference that, except refinancing loans, a drop was registered in all other types of loans.

Speaking about defaults in loan repayments, Dugalic said that the situation did not change considerably when compared to that in January, and added that defaults accounted for 15.4 percent of the total debt arising from bank loans last month.

Photo Tanjug Video (archive)