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Bad Credits in Bulgaria Up by 159% on Annual Base
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The overall credit wallet of the banks has decreased by BGN 9,6 M to BGN 48,8 B. File photo
The amount of the bad credits in Bulgaria has increased by 159% in July 2009 year-on-year in July 2009.
According to data presented by the Bulgarian National Bank (BNB) the number bad credits has passed psychological barrier of 5%, reaching in July 5,1% of all the credits given.
This is a 8,5% increase Month on month, the BNB statistics further show.
The overall credit wallet of the banks has decreased by BGN 9,6 M to BGN 48,8 B.
The fastest increase rate is in the bad housing credits - 12,9% increase on month bases. The overdue user credits have gone up by 9,3%, while the corporative loans - by 7,3%, in July 2009 month-on-month.
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