Societe Generale Expressbank's non-performing loans reached 10.9% of total loans at the end of 2017, up from 10.1% compared to the previous year. Historically, the NPL ratio hit an all time high of 13.0% in 2013 and an all time low of 1.10% in 2006.
Provision coverage amounted to 51.9% at the end of 2017, down from 55.5% compared to a year earlier.
The bank created loan loss provisions worth of 0.819% of average loans in 2017. That's compared to 1.08% of loans the bank put aside to its cost on average in the last five years.
Comparing Societe Generale Expressbank with its closest peers, DSK Bank operated at the end of 2017 with NPL ratio of 11.2% and provision coverage of 92.3%, United Bulgarian Bank with 23.6% and 67.0% respectively and Raiffeisenbank Bulgaria had 4.33% of bad loans covered with 89.0% by provisions at the end of 2017.
You can see all the bank’s data at Societe Generale Expressbank Profile, or you can download a report on the bank in the report section.
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