"Uncollectible loans blocked credit activity"
The percentage of uncollectible loans in Serbia is so high that it has literally blocked all credit activity, NBS Governor Jorgovanka Tabakovic said Wednesday.
Thursday, 28.05.2015.
13:41
"Uncollectible loans blocked credit activity"
"What I can promise is that we are not going to use fast solutions that supposedly yield results quickly," she noted.The NBS and the ministries of finance, economy and justice have formed a working group to address the bad debt issue, she pointed out.
According to NBS dara, 22.5 percent of loans in Serbia are uncollectible.
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