It is also important to note that the share of NPLs in total loans fell to a new low of 3% in December, indicating that the increase in loan repayment costs did not affect the quality of banks’ assets and that financial stability has been preserved even during the multidimensional crisis we have been facing for the past three years.
6 оf 10  Chart 8 Lending activity to the non-monetary sector  Chart 9 NPL level and share in total loans, gross principle  (y-o-y growth rates in %, excluding the exchange rate effect)  (in RSD bn)  20  500  (in %)  Household sector Corporate sector Other sectors NPL share in total loans (RHS)  15  25  400  20  300  15  200  10  100  5  10 5 0 -5  Households Enterprises Total  -10 -15 2010 Source: NBS.