KOPAONIK – According to the preliminary results for late December last year, non-performing loans (NPLs) in the banking sector totalled RSD 426 billion or nearly EUR 3.5 billion, Director of the Administration for Supervision of Financial Institutions Djordje Jevtic said on Tuesday.

In a panel at the Kopaonik Business Forum, it was said that in Serbia NPLs accounted for around 22 percent of the total number of loans.

There has been a slow recovery in borrowing activity, more among citizens than among businesses, he said.

“As a regulator, we would like to boost borrowing activity, but with much caution, so that this does not stir another surge in NPLs,“ Jevtic said.