Non-performing loans as a share of bank loans reached 23.0 % in 2014 in Serbia, according to the National Central Bank. This is 11.7 % more than in the previous year.
Historically, non-performing loans as a share of bank loans in Serbia reached an all time high of 41.5 % in 2000 and an all time low of 5.11 % in 2007. When compared to Serbia's main peers, non-performing loans as a share of bank loans in Bosnia and Herzegovina amounted to 14.2 %, 16.7 % in Croatia, 15.6 % in Hungary and 13.9 % in Romania in 2014.
Serbia has been ranked 6th within the group of 136 countries we follow in terms of non-performing loans as a share of bank loans, 2 places behind the position seen 10 years ago.
A non-performing loan is a loan that is in default or close to being in default.