Edition 1505
15 December 2018
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Banks should reduce non-performing loans now - Fitch

by TPN/Lusa, in News · 14-04-2018 22:13:00 · 0 Comments

Rating agency Fitch said that the banks in Southern European countries, including Portugal, should reduce their non-performing loans while economic conditions were good, so they would be better protected when the cycle inverted.

Banks should reduce non-performing loans now - Fitch

 

Fitch said 2018 and 2019 should have good economic growth and banks would be advised to take advantage of the situation, but there was a difference between the banks in the north and south of Europe as the latter had high levels of non-performing loans and other problematic assets.

 

The agency also said that non-performing loans were above the European average of 10% in seven countries with Portugal in third place.

 

The country with the worst problems was Greece, with 44.9% of loans not performing, followed by Cyprus, with 38.9% and Portugal in a distant third place, with 15.2%.

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Edition 1505
15 December 2018
Edition: 1505

Read this week's issue online exactly as it appears in print.

Twitter

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