Number of bankruptcy procedures in Serbia total 4,924 as of Apr 1.

By bne IntelliNews April 5, 2013

The number of overall bankruptcy procedures registered in Serbia since 1995 until April 1, 2013, reached 4,924, data published by Serbia's bankruptcy supervision agency showed. A total of 32 bankruptcy procedures were initiated in Serbia between January 1 and April 1, 2013, including active, suspended and closed procedures. It is worth noting that the number of bankruptcies registered in 2012 shrank 25% y/y to 980, signalling a gradual improvement in economic conditions. The reading, however, remained well above its per-crisis level of 149 in 2008.

The number of bankruptcy procedures has increased steadily since 2008 due to stringent economic and credit conditions. But corporate non-performing loans retreated to 19.5% at end-2012 from 22.4% the previous year also signalling a potential improvement in a trend that should be closely followed in 2013. Corporate non-performing loans reached 14.5% at end-2008. Central bank data show that sector-wise, the key NPL drivers were the mining and manufacturing and construction which accounted for around 40% of total bank claims on the corporate sector at the end of 2012.

Related Articles

Balkan baker Don Don to continue regional expansion with new Serbian facility

Don Don, a regional bakery group founded in Slovenia but active throughout the Western Balkans, will open a new production facility in the eastern Serbian town of Zajecar in spring 2018, Ales ... more

Serbia’s central bank cuts policy rate for first time since July 2016

Serbia’s central bank decided to cut the monetary policy interest rate by 25bps to 3.75% at its monetary policy board meeting on September 7. The policy rate has been held constant at 4% since July ... more

Footballer's Bentley rams Serbian president's motorcade

An investigation is ongoing after a Bentley car hit Serbian President Aleksandar Vucic's motorcade on September 2, Deputy Prime Minister and Minister of Interior Affairs Nebojsa Stefanovic told ... more

Dismiss