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News: Bulgaria>> Bad credits in BG banking system grown by 159%

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Bad credits in BG banking system grown by 159%

Finances: Wednesday, 2009-08-26 08:00
Article by: investor.bg

The volume of bad credits in Bulgaria’s banking system has grown by 159% in just a year, an investor.bg research based on data of the Bulgarian National Bank alarmed. July added another BGN 195 million to the overall bad credit amount boosting the figure to BGN 2.5 billion, which constituted 5.09% of banks’ credit portfolio end-July.

For comparison, the volume of the bad credits in July, 2008, was BGN 962 million i.e. 2.12% of the banking system credit portfolio. A year from then the entire credit portfolio of the Bulgarian banks scored a 7.63-percent increase with the good credits share rising by 4.37%

Scope: Bulgaria
More: Finances news banks Bulgaria; Finances news bank credit;

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