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Estonia overdue loans rise to 6.6 pct in Aug
It said outstanding loan stock plus owed interest increased to 17.16 billion kroons ($1.61 billion) from 15.9 billion kroons a month earlier. A rise in bad debt has been widely expected as the economy slows sharply, moving into recession in the second quarter. The central bank said loans overdue without interest remained stable at 1.2 percent of the loan portfolio in August, the same as for the last three months.
The total loan portfolio increased to 261.1 billion kroons in August from 258.3 billion kroons in July. Loans overdue for more than 60 days rose to 5.3 billion kroons in August from 4.3 billion in July. Overdue housing loans rose to 5.76 billion kroons in August from 5.1 billion in the previous month.
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