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.

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