Over €1 Trillion Nonperforming EU Loans: EU vs US Percentages
JULY 28, 2017
For comparison purposed, a World Bank Report has the US at 1.3%, Japan at 1.5%, and Canada at 0.6%. An EU report out this month shows nonperforming loans were a staggering €1.092 trillion as of the end of 2016. The average non-performing rate in the EU is 5.1%, down from 5.7% in 2015. In contrast, Greece and Cyprus have NPL ratios of 46% and 45% respectively. Bulgaria, Croatia, Hungary, Ireland, Italy, Portugal, Slovenia, and Romania all have NPL ratios between 10% and 20%. more…).