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PSzÁF sees NPL stock growing in next two quarters

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Growth of the non-performing loan ratio in the lending portfolio of Hungary's banking sector is not expected to stop for the next two quarters, financial market regulator PSzÁF said in a regular report on risk on Friday.

The proportion of non-performing loans in the lending portfolio of commercial banks operating as independent units in Hungary climbed to 12.4% at the end of March from 8.7% twelve months earlier, fresh PSzÁF data show.

PSzÁF noted that the number and proportion of distressed borrowers whose loans had been restructured was growing among late payers. Restructuring has re-established solvency in a little more than half of borrowers, it added.

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