Societe Generale Expressbank's non-performing loans reached 10.9% of total loans at the end of 2015, up from 10.7% when 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 57.4% at the end of 2015, up from 55.3% compared to a year earlier.
The bank created loan loss provisions worth of 0.833% of average loans in 2015. That's compared to 1.11% of loans the bank put aside to its cost on average in the last five years.
When compared to bank's main peers, DSK Bank operated at the end of 2015 with NPL ratio of 15.1% and provision coverage of 93.9%, United Bulgarian Bank with 19.3% and 78.8% respectively and Raiffeisenbank Bulgaria had 11.0% of bad loans covered with 66.3% by provisions at the end of 2015.