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Republic of Serbia :, Financial Sector Assessment Program Update: Technical Note on Corporate and Household Debt Restructuring

This Technical Note assesses Corporate and Household Debt Restructuring in Serbia. As of June 2009, nonperforming loans (NPLs) in the banking system constituted 16.5 percent of total loans, owing primarily to the corporate sector. This marks a significant increase over 2008 and, despite a strongly capitalized banking system, underscores a troubling trend. In the current recessionary environment, more businesses are likely to encounter financial distress owing to a decline in demand, shrinking revenues, and untimely payments from their own debtors and customers
Table Of Contents
Cover; Contents; Corporate and Household Debt Restructuring; Collateral and Enforcement Systems; TABLES; Table 1. Pledge Registry Statistics, 2007-2009; Table 2. Regional Comparative Bankruptcy Recovery Rates; Table 3. Blocked Accounts as of September 30, 2009; Corporate Debt Resolution; BOXES; Box 1. Turkey's Workout Procedure-The Istanbul Approach; Household Debt Resolution Mechanisms; ANNEXES; Annex 1. Workout Models Adopted in Asia; Annex 2. Common Components of a Functional Workout Environment
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (22 p.)
Specific Material Designation
Form Of Item

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