Non-performing loans as a share of bank equity reached 65.8 % in 2017 in Bulgaria, according to the National Central Bank. This is 19.8 % less than in the previous year.
Historically, non-performing loans as a share of bank equity in Bulgaria reached an all time high of 103 % in 1995 and an all time low of 7.40 % in 2005. When compared to Bulgaria's main peers, non-performing loans as a share of bank equity in Greece amounted to 335 % and 15.4 % in Turkey in 2017.
Bulgaria has been ranked 14th within the group of 77 countries we follow in terms of non-performing loans as a share of bank equity, 21 places above the position seen 10 years ago.
A non-performing loan is a loan that is in default or close to being in default.