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Hungary: NPLs at Record High

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: © 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…

This article includes a total of 274 words.

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