ANL 31.85 Increased By ▲ 0.30 (0.95%)
ASC 20.98 Increased By ▲ 0.18 (0.87%)
ASL 23.91 Decreased By ▼ -0.09 (-0.38%)
BOP 8.25 Increased By ▲ 0.08 (0.98%)
BYCO 10.20 Decreased By ▼ -0.04 (-0.39%)
FCCL 22.56 Decreased By ▼ -0.04 (-0.18%)
FFBL 27.77 Increased By ▲ 0.57 (2.1%)
FFL 21.37 Increased By ▲ 0.17 (0.8%)
FNEL 9.18 No Change ▼ 0.00 (0%)
GGGL 28.06 Increased By ▲ 0.03 (0.11%)
GGL 46.92 Increased By ▲ 0.17 (0.36%)
HUMNL 7.59 Increased By ▲ 0.04 (0.53%)
JSCL 23.00 Increased By ▲ 0.07 (0.31%)
KAPCO 39.92 Decreased By ▼ -0.18 (-0.45%)
KEL 3.99 Increased By ▲ 0.05 (1.27%)
MDTL 3.85 Increased By ▲ 0.04 (1.05%)
MLCF 45.43 Increased By ▲ 0.33 (0.73%)
NETSOL 168.56 Increased By ▲ 1.21 (0.72%)
PACE 8.05 Increased By ▲ 0.02 (0.25%)
PAEL 34.60 Decreased By ▼ -0.27 (-0.77%)
PIBTL 11.35 No Change ▼ 0.00 (0%)
POWER 9.37 Increased By ▲ 0.02 (0.21%)
PRL 24.10 Decreased By ▼ -0.03 (-0.12%)
PTC 11.85 Increased By ▲ 0.10 (0.85%)
SILK 1.86 Increased By ▲ 0.03 (1.64%)
SNGP 50.85 Decreased By ▼ -0.33 (-0.64%)
TELE 15.50 Decreased By ▼ -0.07 (-0.45%)
TRG 168.89 Increased By ▲ 0.83 (0.49%)
UNITY 43.80 Decreased By ▼ -0.04 (-0.09%)
WTL 3.91 Increased By ▲ 0.09 (2.36%)
BR100 5,213 Increased By ▲ 36.96 (0.71%)
BR30 26,915 Increased By ▲ 204.58 (0.77%)
KSE100 47,898 Increased By ▲ 225.3 (0.47%)
KSE30 19,197 Increased By ▲ 89.74 (0.47%)

Coronavirus
VERY HIGH Source: covid.gov.pk
Pakistan Deaths
23,087
3924hr
Pakistan Cases
1,011,708
3,26224hr
6.6% positivity
Sindh
369,245
Punjab
353,695
Balochistan
29,681
Islamabad
85,947
KPK
142,139
Business & Finance

Serbia sells bad loans of eight bankrupt banks, debt agency says

  • In June 2019 the debt management agency sold about 240 million euros of bad loans, in line with a now-expired arrangement between Belgrade and the International Monetary Fund.
  • Serbia's non-performing loans ratio fell to 3.7% by the end of 2020, down from 4.1% in 2019 and 17% in 2016.
20 Apr 2021

BELGRADE: Serbia's Deposit Insurance Agency has sold a portfolio of bad loans held by eight banks that have gone bankrupt since 2000, amounting to 1.82 billion euros ($2.19 billion), the finance ministry said on Tuesday.

The statement did not say who purchased the portfolio or the price paid.

In June 2019 the debt management agency sold about 240 million euros of bad loans, in line with a now-expired arrangement between Belgrade and the International Monetary Fund.

Serbia's non-performing loans ratio fell to 3.7% by the end of 2020, down from 4.1% in 2019 and 17% in 2016.