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Economic Indicators Bulletin for SEE - November 2015

During the first few months of 2015H2, we observed a stabilizing trend – and in some countries even an improvement – in the non-performing loans ratio. This trend resulted from the coordinated efforts of the region’s Central Banks to tackle the high levels of non-performing loans and to improve the loan portfolio, with the aim of starting a recovery in credit expansion and economic activity.

  • In Albania, non-performing loans amounted to 20.23% of total loans in September compared to 20.03% in June and 24.88% in September last year.
  • In Bulgaria, non-performing loans amounted to 18.3% of total loans in September compared to 18.7% in June and 18.1% in September last year.
  • In Cyprus, non-performing loans amounted to 46.0% of total loans in September compared to 47.3% in June.
  • In Romania, non-performing loans amounted to 12.33% of total loans in September compared to 12.8% in June and 15.3% in September last year.
  • In Serbia, non-performing loans amounted to 22.0% of total loans in September compared to 22.8% in June and 23.0% in September last year.

        

Ilias Lekkos

Group Chief Economist

                                                                                                                   

Dimitria Rotsika

Economist