The share of non-performing loans in Bulgaria's banking sector increased to 17.2% of total gross loans as of end-September 2013 from 17.1% at end-March, central bank data showed. The non-performing loan (NPL) ratio remained unchanged from the same period last year.
Non-performing loans, representing bank exposures more than 90 days past due, rose 0.8% y/y to BGN 9.94bn (EUR 5bn) at end-September, following a 2.8% yearly growth at end-March.
Companies’ exposures accounted for 75% of all bad loans, while the households’ share was at 24.6% (16% for mortgages and 8.6% for consumer loans).
The NPLs ratio has been growing steadily since the third quarter of 2009 when it stood at only 3.55%. Despite its decreasing annual rate of growth, it is currently 0.8pps above its end-2012 level and over 2pps above its end-2011 level.
Gazprom faces another compensation claim for lost gas supply from a former European customer – this time Bulgaria’s state gas company Bulgargaz. Bulgaria was one of a number of European ... more
The Bulgarian-American Credit Bank said on April 16 it has agreed to acquire 99.94% of local Tokuda Bank from Japan-based Tokushukai Incorporated. The two banks are among the smallest in Bulgaria ... more
This Southeast Europe Outlook 2024 has been prepared by bne IntelliNews as part of a series of annual reviews providing updates on the geopolitical, macroeconomic and commercial state of ... more