Brussels releases data on non-performing loans in the European Union.
As Poslovni Dnevnik writes on the 20th of January, 2018, the share of non-performing loans in the European Union declined in the second quarter of last year in comparison to the same period from the year before, from 5.6% to 4.6%, while in the Republic of Croatia it grew slightly, from 11.6% to 11.7% as the European Commission published.
In the aforementioned period, the share of non-performing loans fell in 24 member states, while in Sweden and Finland this share stagnated and only in Croatia and Latvia did it grow. Greece has the highest share of non-performing loans, up 46.9 percent, while one year earlier it reached 47.2 percent. Luxembourg has the lowest percentage of non-performing loans, with just 0.7 percent, up from 0.9 percent one year earlier.
Aside from both Greece and Croatia, the share of non-performing loans exceeds 10 percent in seven more countries – Cyprus (33.4 percent), Portugal (15.5 percent), Italy (12.2 percent), Bulgaria (12.1 percent) Ireland (11.6%), Slovenia (11.4%) and Hungary (10.4%).
In all of the aforementioned countries, the share of non-performing loans in the second quarter of 2017 was reduced when compared to 2016, except in Croatia. The European Commission announced that it would propose a comprehensive package of measures to reduce the share of non-performing loans in the spring.
Translated from Poslovni.hr
