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Thursday, 25.04.2024, 02:39
Share of overdue bank loans in Latvia down to 10.8% in nine months
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At the end of September 2016, the total value of overdue
bank loans was EUR 1.635 bln, up 2.3% or EUR 37.497 mln from the end of 2015.
At the end of September, the share of bank loans overdue for
up to 30 days made up 4.5% (3.7% in late 2015) of the total loan portfolio,
loans overdue for 31 to 90 days accounted for 1.3% (1.1%). loans overdue for 91
to 180 made up 0.7% (0.7%) and loans in arrears for more than 180 days 4.3% (5.3%)
of the total portfolio.
The banking regulator's data shows that the share of loans
overdue for more than 90 days was down from 7.6% to 6% in the household loan
portfolio.
The total value of household loans overdue for more than 90
days was EUR 316.494 mln at the end of September, down 21.8% from the end of
last year.
At the end of 2015, loans in arrears made up 10.9% of the
banks' total loan portfolio.
There are currently 24 banks in Latvia, including eight
branches of foreign banks.
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