Serbian central bank to improve bank supervision to tackle bad loans: statement

August 17, 2015 2:34 PM

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BELGRADE Aug 17 The Serbian central bank will improve bank supervision and accounting standards to tackle non-performing loans, which account for nearly a quarter of all lending in the Balkan country.

In an action plan made public on Monday, the bank said by March 2016 it will identify and propose regulations and assess which provisions should be adopted in phases or immediately.

Also read: Hungarian central bank to give banks more time to build capital buffers

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