May
26

Estonia overdue loans stable at 5.2 pct in April

The amount was up slightly from 13 billion in March, though the share was stable at 5.2 percent, it said in a statement. Loans overdue for more than 60 days rose in April to 2.99 billion kroons from 2.28 billion in March. Overdue housing loans rose to 4.3 billion kroons from 3.9 billion the previous month. Moody's ratings agency recently gave Estonia's banking sector a negative outlook due to a growing risk of a decline in asset quality and liquidity in light of the rapid growth of loans in recent years.

Source http://reuters.com/article/rbssfinancialservicesandrealestat~


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