National Bank of Serbia adopts regulations for NPL Resolution Strategy

On Tuesday, July 11, the NBS Executive Board adopted regulations for the implementation of the Non-performing Loans Resolution Strategy envisioned by the accompanying Action Plan.

More precisely, amendments to the Decision on the Classification of Bank Balance Sheet Assets and Off-balance Sheet Items and the Decision on Reporting Requirements for Banks were adopted with the goal of improving the regulatory framework for the treatment of restructured receivables.

This way, the bank encourages sustainable restructuring practices and prevents evergreening.

Amendments to the Decision on Risk Management by Banks were also adopted, to the end of improving the regulatory framework in the segment of bad asset management.

NBS reminds that, in the past period, it has carried out all activities envisioned by the Action Plan.