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Bulgarian banks' gross NPL ratio falls to 7.2% at end-June

Author Mario Tanev
Bulgarian banks' gross NPL ratio falls to 7.2% at end-June Ju1978/Shutterstock.com

SOFIA (Bulgaria), October 17 (SeeNews) - Bulgarian banks' gross non-performing loan (NPL) ratio fell to 7.2% at the end of June from 7.4% at the end of March, the Bulgarian National Bank said on Thursday.

Gross NPLs amounted to 6.5 billion levs ($3.7 billion/3.3 billion euro) at the end of June and were 3.5% lower compared to the end of March, the BNB said in its quarterly Banks in Bulgaria report.

Gross loans and advances totalled 90.6 billion levs at the end of June, edging down 0.5% compared to March

The total accumulated impairment in the banking system was 3.9 billion levs at the end of June, 3.4% lower than at the end of March.

(1 euro = 1.95583 levs)

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