Portugal third highest in non-performing loans

By TPN/Lusa, in News · 26-09-2017 08:27:00 · 0 Comments
Portugal third highest in non-performing loans

Portugal’s main banks had the third highest level of non-performing loans at the end of last year, behind only Cyprus and Greece, the Portuguese Bank Association (APB) said.

The ratio, which measures overdue credit or credit that is likely to suffer a default, was 16.4% in December last year (better than the 16.6% in June last year, but higher that the 14.8% seen in December 2014), which was the third highest in the 11 European countries assessed.

Worse than Portugal were Cyprus (42.5%) and Greece (38.5%), the APB said.

Better than Portugal, but still higher than the 4.4% EU average, were Italy (12.6%) and Ireland (11%).

The APB used figures from six Portuguese banks: Caixa Geral de Depósitos, BCP, Novo Banco, BPI, Montepio and Crédito Agrícola.


Be the first to comment on this article
Interactive Topics, send us your comments/opinion on this article.

Please note that The Portugal News may use selected comments in the printed edition of the newspaper.