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A slight decrease in the number of non-performing loans

Posted by NMORE GROUP on 23/03/2017
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Although non-performing loans fell by 180 million euros at the end of January compared with the previous month, as a percentage of total loans, the indicator remained unchanged at 47.2 percent.

By the end of January 2017, overdue loans amounted to 23.66 billion euros, down 180 million euros from 23.84 billion euros at the end of December 2016. The number of non-performing loans in January this year decreased compared to the previous month of 2016, but remains the same as the percentage of total loans due to the reduction in the share of borrowed funds, according to data published by the Central Bank.

According to reports, the total amount of overdue loans amounted to 23.66 billion euros as of January 31, 2017, compared with 23.84 billion euros as of December 31, 2016. However, the total amount of loans was fixed at 50.13 billion euros compared with 50.53 billion euros, in which bad loans accounted for 47.2% as well as last month.

The total number of restructured inactive loans at the end of January this year amounted to 13.38 billion euros compared with 13.45 billion euros at the end of December 2016. However, in a positive assessment, 9.7 billion euros of those restructured as of the end of January were still classified as non-operating compared to 9.76 billion euros in the previous month. As a percentage of the total volume of restructured loans, they increased insignificantly and were fixed at 26.7% on January 31 this year, compared with 26.6% in December 2016.

Households continued to hold the lead in both total loans and bad loans at the end of January. The total volume of loans for households amounted to 21.56 billion euros, and inactive of which – 12.06 billion euros. This leads to the fact that the debt of households is 55.9% of all bad loans. As of January 31, 2017, loans to small and medium-sized enterprises (SMEs) amounted to 15.89 billion euros, and their inactive – 9.72 billion euros. Bad loans to SMEs accounted for 61.2% of bad loans. Total accumulated provisions for impairment at the end of January this year amounted to 9.69 billion euros, or 41% of the total number of non-operating enterprises. In December, the accumulated provisions for impairment amounted to 9.92 billion euros. The total amount of reserves at the end of December 2015 was 10 billion euros, and at the end of December 2014 – 8.97 billion euros.

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