Non-performing loans as a share of bank assets reached 11.8 % in 2011 in Serbia, according to the National Central Bank. This is 18.6 % more than in the previous year.
Historically, non-performing loans as a share of bank assets in Serbia reached an all time high of 13.7 % in 2002 and an all time low of 2.63 % in 2007. When compared to Serbia's main peers, non-performing loans as a share of bank assets in Bosnia and Herzegovina amounted to 8.35 %, 8.70 % in Croatia, 6.56 % in Hungary and 8.88 % in Romania in 2011.
Serbia has been ranked 6th within the group of 97 countries we follow in terms of non-performing loans as a share of bank assets, 6 places above the position seen 10 years ago.
A non-performing loan is a loan that is in default or close to being in default.