NLB Podgorica will not follow the example of a sister bank in Serbia and try to sell bad loans, which according to data at the end of February amounted to 10.5% of the total loans, NLB says.
In comparison with the same month last year, NLB reduced the level of non-performing loans by €24.6m (42.7%), and they accounted for 10.5% of total gross loans at the end of February of the current year, the bank adds.
At the end of December last year, NLB clients’ total loans amounted to €267.6m.
