Bulgaria with Record Level of Non-Performing Loans

Finance | June 23, 2010, Wednesday // 14:43|  views

BNB data shows record levels of non-performing loans in Bulgaria. Photo by wordpress.com

Bulgaria’s non-performing and restructured loans have reached the record 14.62% of all loans, according to the Bulgarian National Bank.

BNB data shows that in May 2010, non-performing loans grew by 218% year-on-year, and by 7% compared to April 2010.

In absolute terms, non-performing and restructured loans in Bulgaria increased by BGN 371 M in May, reaching BGN 5.7 B.

The non-performing loans are 14.78% of the company loans, 15.16% of the consumer loans, 13.21% of the housing mortgages, and 19.36% of all “other” loans.

Company loans in Bulgaria increased by 0.23% in May reaching BGN 30.8 B. Non-performing company loans increased by 8.85% in May compared to the previous month.

Household loans decreased by 0.02% down to BGN 19.04 B, while consumer loans are down by 0.29% to BGN 7.65 B. Non-performing consumer loans are up by 4.55% compared to April.

Bulgaria’s housing mortgages registered a monthly growth in May by 0.18% reaching BGN 8.52 B. The non-performing mortgages are up by 4.97%.

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Tags: non-performing loans, BNB, Bulgarian National Bank, mortgages, loans, company loans, consumer loans

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