Hungary: NPLs at Record High

Politics ♦ Published: November 18, 2013; 18:15 ♦ (Vindobona)

The number of NPLs has reached a new record high, according to MNB.

Hungary: NPLs at Record High / Picture: ©

According to data by the Hungarian National Bank (MNB), the share of non-performing loans (NPL) has reached a record level in the portfolios of Hungarian banks.

There are three reasons why the share of NPLs has increased significantly: Firstly, the number of loans taken out was lower than the number of credits paid back which is why the ratio of NPLs increased. Secondly, the…