Loan loss provisions reached 4.08 BGN bil in 2017 in Bulgaria, according to the National Central Bank. This is 18.4 % less than in the previous year.
Historically, loan loss provisions in Bulgaria reached an all time high of 6.48 BGN bil in 2013 and an all time low of 0.289 BGN bil in 2004. When compared to Bulgaria's main peers, loan loss provisions in Greece amounted to 50.4 EUR bil and 50.4 TRY bil in Turkey in 2017.
Bulgaria has been ranked 53rd within the group of 76 countries we follow in terms of loan loss provisions, 20 places behind the position seen 10 years ago.
Loan loss provisions (also known as "valuation allowance" and "valuation reserve") are an expense creditors budget as an allowance for bad loans.