NPL&REO News

Portugal: defaulted credit fell to 12.41% in March

According to the latest data released by the European Central Bank (ECB), by the end of the first quarter of 2018 the Non-Performing Loan (NPL) ratio within the Eurozone reached 4.64%, below the 4.83% recorded in December and the 6.23% from March 2017.
In March, the bad credit represented 12.41% of the total loans granted by the Portuguese banks. Even though reflecting a decrease compared to its 16.12% from March 2017 and the 12.96% recorded in December, the Portuguese NPL ratio still almost triples the Eurozone 4.64% average, informs the ECB.

 

Original Story: Agência Lusa in Observador
Photo: European  Central Bank
Translation and Edition: Prime Yield

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