Edition 1513
16 February 2019
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Portugal third highest in non-performing loans

by TPN/Lusa, in News · 26-09-2017 08:27:00 · 0 Comments

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.

Portugal third highest in non-performing loans

 

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.

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Edition 1513
16 February 2019
Edition: 1513

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

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