Non-performing loans as a share of bank assets reached 8.47 % in 2017 in Bulgaria, according to the National Central Bank. This is 21.6 % less than in the previous year.
Historically, non-performing loans as a share of bank assets in Bulgaria reached an all time high of 19.3 % in 1996 and an all time low of 1.09 % in 2005. When compared to Bulgaria's main peers, non-performing loans as a share of bank assets in Greece amounted to 39.7 % and 1.96 % in Turkey in 2017.
Bulgaria has been ranked 10th within the group of 88 countries we follow in terms of non-performing loans as a share of bank assets, 15 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.