The bank will want a realistic picture of how much you owe to others. This is not always straightforward.

While each bank has different approaches and procedures when it comes to issuing loans, there are some practices that are common to the vast majority of banks. The World Bank conducted a survey of commercial banks in Serbia to better understand such practices and found that banks place a very high importance on the quality of the financial information that is provided by companies seeking a loan. Incomplete or low quality information results in delays, higher costs (meaning higher interest rates and/or fees), or outright rejection.