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Banks remain saddled with bad loans

Feb 03, 2010
From wire reports

RIGA - Latvia’s Financial and Capital Market Commission says that the amount of delinquent loans decreased in December for the first time since autumn 2008, reports Nozare.lv. Delinquent loans decreased by 7.5 percent during the month, totaling 3.9 billion lats (5.5 billion euros) at year-end. This is equal to 25.5 percent of the banks’ total loan portfolio. However, the amount of loans with payments delayed by over 90 days increased in the month by 3.2 percent; the proportion of ...

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