Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Bulgaria ranks fifth in EU non-performing loans chart

Photo: library

Bulgaria ranks fifth in the EU when it comes to bad credit loans, which reached 12.1 percent of all loans as of June last year at the backdrop of an average EU level of 4.6 percent. This is what a report by the European Commission shows, as quoted by Sega Daily.

The EC has criticized Bulgaria several times over the issue, forcing banks to take urgent measures to clear their bad portfolios. According to data of the Association of Banks in Bulgaria as of September 2017, non-performing loans declined to 11.7 pertcent. In financial terms this amounts to over 3.3 billion euros.

The top positions in the bad loan  chart go to Greece with 46.9 percent, followed by Cyprus with 33.4 percent, Portugal with 15.5% and Italy with 12.2%.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Photo: Bulgarian Small and Medium Enterprises Promotion Agency (BSMEPA)

Bulgaria, Turkiye and Romania meet at business forum in Burgas

A business forum entitled "Strengthening economic ties between Bulgaria, Turkiye and Romania" will be taking place today at the International Congress Center in Burgas .  The main goal of the event is to stimulate trade and economic relations..

published on 3/14/25 6:10 AM

Almost summer temperatures expected in Bulgaria on the last day of the working week

On Friday the weather in Bulgaria will be mostly sunny. There will be more significant cloudiness over Northwestern Bulgaria and there will be short-term rain in places in the afternoon. There will be a moderate wind, in the regions north of the..

published on 3/13/25 7:15 PM

Bulgaria's Constitutional Court declares the election of 16 MPs illegal, Velichie party above 4% threshold

Bulgaria's Constitutional Court has declared the election of 16 MPs in the current Bulgarian Parliament illegal . The decision was published on the institution's website. The Constitutional Court's decision makes it clear that after the..

published on 3/13/25 4:35 PM