Bulgarian Non-Bank Credit Companies' Bad Loans Reach 18% of Total by End-June - Prelim Data

Bulgarian Non-Bank Credit Companies' Bad Loans Reach 18% of Total by End-June - Prelim Data

Non-performing loans of Bulgarian non-bank credit companies reached 350 million levs ($257 million/178 million euro), or 18% of these companies' total loan portfolio at the end of June, central bank preliminary data showed.

At the end of June last year the non-bank credit companies' bad loans amounted to 264 million levs, or 15% of their total portfolio, the Bulgarian National Bank (BNB) said in a statement on its website on Tuesday.

The credit companies' receivables on loans reached 1.9 billion levs at the end of June compared to 1.7 billion levs a year earlier.

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