Share of bad loans in Slovakia falls to 4.97% in Oct 2011.

By bne IntelliNews December 2, 2011
The share of bad loans in Slovakia stood at 4.97% of total loans as of end-October 2011, slightly lower than Septembers 5.06%, central bank data showed. The total value of bad loans fell 4.1% y/y to EUR 2.02bn in October, declining for a second month in a row after constant growth since the countrys entry into the euro zone in 2009. In September bad loans edged 0.2% lower y/y. Compared to the previous month, bad loans slipped 2.5% in October. Bad consumer loans and bank overdrafts recorded the highest annual declines in October, while bad operating loans rose the most, by 17.3%. The growth of bad investment loans, which reached 40% in September, plunged to 0.2% in October.
EUR thousands end-Oct-11 end-Sep-11 end-Oct-10 y/y change m/m change
BAD LOANS - TOTAL 2,024,155 2,076,404 2,111,454 -4.1% -2.5%
Bank overdrafts and resolving credits 303,626 322,152 360,607 -15.8% -5.8%
Operating loans 69,581 66,118 59,341 17.3% 5.2%
Investment loans 469,346 477,317 468,636 0.2% -1.7%
Consumer loans 222,609 219,344 255,710 -12.9% 1.5%
Mortgage loans 111,823 112,448 118,286 -5.5% -0.6%
Building loans 7,416 7,135 7,248 2.3% 3.9%
Intermediate loans for house purchase 93,436 98,310 95,872 -2.5% -5.0%
Other loans for house purchase 371,986 403,807 376,111 -1.1% -7.9%
Other loans 339,722 335,480 333,855 1.8% 1.3%
Credit cards 34,610 34,293 35,788 -3.3% 0.9%

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