Bad, Restructured Corporate Loans in Bulgaria up by BGN 43 M in August

Bad and restructured corporate loans went up by BGN 43 M in August to a rate of BGN 9.67 B, according to data of the Bulgarian National Bank (BNB).

The trend has been reversed, with companies covering increasing portions of their debt on time over the past few months, according to Standard daily,

However, in August 2014, households made more regular payments to their creditors and the share of bad loans in this segment decreased.

Bad and restructured household loans fell by BGN 141 M in August 2014 year-on-year in the segments of household loans and corporate loans.

However, the share of bad loans in August 2014 grew to 17.77% of the total credit portfolio of banks, compared to a rate of 17.65% in July.

In the segment of consumer loans, the share of bad and restructured loans fell by 16.5% to a rate of BGN 1.212 B.

As regards the segment of home loans, the share of bad loans remained unchanged from July, at 21.7%, or a total of BGN 1.92 B.

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