It is encouraging to hear more than one bank CEO acknowledge that while repossessions will inevitably rise significantly, for cooperating owner occupier borrowers there will also be a step up in the volume of cases of long term loan modification – carefully targeted debt relief if you like.
Bear in mind that if any sector in Serbia has won acclaim from international financial institutions, it certainly is the  2  BIS Review 4/2009  banking sector. This calculation is simple, the volume of fresh borrowing determines the future volume of savings.