Over €1 Trillion Nonperforming EU Loans: EU vs US Percentages

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Published : July 28th, 2017
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Category : Crisis Watch

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. For comparison purposed, a World Bank Report has the US at 1.3%, Japan at 1.5%, and Canada at 0.6%

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%.

Non-Performing Loans

Notes

  • I am unsure why the graphs sometimes use different country codes than appears in the first column. Where different, I show both symbols. The list of country codes is shown below.
  • Forb ratio stands for forbearance ratio.
  • Cov ratio stands for coverage ratio: (Loans – Reserve balance)/Total amount of non-performing loans. It’s a measure of how prepared a bank is for losses.

Country Codes

Italy, Greece, Spain, Portugal, and Ireland have a combined €606 billion in non-performing loans.

Clearly, the EU banking system is quite troubled.

Mike “Mish” Shedlock

Source : mishtalk.com
Data and Statistics for these countries : Bulgaria | Canada | Cyprus | Georgia | Greece | Hungary | Ireland | Italy | Japan | Portugal | Romania | Slovenia | Spain | All
Gold and Silver Prices for these countries : Bulgaria | Canada | Cyprus | Georgia | Greece | Hungary | Ireland | Italy | Japan | Portugal | Romania | Slovenia | Spain | All
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Mish 13 abonnés
Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com
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