PPF Group's non-performing loans reached 10.9% of total loans at the end of 2016, down from 16.7% compared to the previous year. Historically, the NPL ratio hit an all time high of 20.2% in 2014 and an all time low of 8.55% in 2011.
Provision coverage amounted to 69.3% at the end of 2016, up from 64.7% compared to a year earlier.
The bank created loan loss provisions worth of 6.37% of average loans in 2016. That's compared to 11.6% of loans the bank put aside to its cost on average in the last five years.
Comparing PPF Group with its closest peers, Ceska Sporitelna operated at the end of 2016 with NPL ratio of 3.12% and provision coverage of 84.1%, CSOB with 3.03% and 54.2% respectively and Komercni Banka had 3.80% of bad loans covered with 67.2% by provisions at the end of 2016.