MNB: Hungarian banks' retail NPL ratio reaches 19.4%
The ratio of non-performing loans in Hungarian banks' retail lending portfolio reached 19.4% at the end of the third quarter, up 0.6 percentage point from the previous quarter, data released by the National Bank of Hungary today show.
Provision coverage from loan losses increased 0.4 percentage point to 12.8% during the same period. The coverage rate for NPLs increased by 0.9 percentage point to 56.2%.
Within restructured loans, NPLs accounted for 53.3% of the total, down 1.5 percentage points from Q2.
Outstanding retail lending stock came to HUF 6,416.3 bln at the end of Q3, down about HUF 10 bln from the beginning of the period as repayments, write-offs and sales of receivables exceeded outlays. Outlays came to HUF 219.5 bln in Q3, up from HUF 202.2 bln in the previous quarter and reaching the highest level since Q1 2012. Repayments added up to HUF 250.3 bln, write-offs reached HUF 5.6 bln and lenders sold HUF 7.0 bln of their receivables.
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