In Albania, in Q1-2016 the ratio of non-performing loans to total loans decreased to 18.9% compared to 22.7% in Q1-2015. In 2015, NPLs made up 17.4% of total loans from 22.8 in 2014.
In Bulgaria, in Q1-2016 total NPLs moderated to 17.7% of total loans from 18.1% in 2015.
In Cyprus, in Q1-2016 the ratio of NPLs to total loans reached 48.4% compared to 45.8% in 2015.
In Romania, in Q1-2016 the ratio of NPLs to total loans declined to 13.5% from 20.2% in the same period last year.
In Serbia, in Q1-2016 NPLs moderated to 20.9% of the total loan portfolio compared to 22.3% in 2015.
Group Chief Economist