On 11 July 2016, The National Bank of Serbia adopted amendments
to three by-laws of the Law on Banks (Risk Management Decision,
Decision on the Classification of Bank Balance Sheet Assets and
Off-balance Sheet Items and the Decision on Reporting Requirements
for Banks), and in doing so, took a significant step towards
effectuating the implementation of the strategies on resolving
non-performing loans and the action plan rendered by the Government
of the Republic of Serbia and the National Bank of Serbia in
cooperation with the IMF, World Bank and EBRD – adopted at
the end of last year. Furthermore, the amendments are also intended
to improve the regulatory framework for the treatment of
restructured receivables, in order to provide sustainable
incentives in practice and to prevent unsustainable refinancing, as
well as in the area of banks' obligations on reporting the
structure of restructured receivables and reporting on banks'
non-performing loans. These amendments
