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Economic Indicators Bulletin in Southeastern Europe - May 2014

  • The Bank of Albania (BoA), in a recent press release, estimated that the financial sector remained stable during H2 2013, despite the economic slowdown. For 2014, fiscal policy is expected to play an active role in the stability of the financial sector.

  • In Bulgaria, the capital adequacy ratio for 2013 improved to 16.0% from 15.2% in 2012, while in the first quarter of 2014, non-performing loans as a percentage of total loans amounted to 18.0% from 18.1% in 2013.

  • In Cyprus, non-performing loans as a percentage of total loans – according to the International Monetary Fund –amounted to 33.7% in the fourth quarter of 2013 from 18.6% in the fourth quarter of 2012.

  • In Romania, non-performing loans as a percentage of total loans amounted to 22.3% in the first quarter of 2014 from 21.9% in 2013.

  • In Serbia, the capital adequacy ratio in the first quarter of 2014 improved to 21.0% from 20.0% in 2013, while non-performing loans as a percentage of total loans amounted to 22.6% from 21.7% for the same periods.

Ilias Lekkos

Chief Economist