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Hungary: NPLs at Record High
Politics ♦
Published: November 18, 2013; 18:15 ♦ (Vindobona)
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The number of NPLs has reached a new record high, according to MNB.
Hungary: NPLs at Record High / Picture: © Vindobona.org
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…
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