“Over the previous number of quarters, the lender has seen deterioration in its asset good quality, significantly in the corporate phase. Restricted refinancing problems for debtors ended up a essential induce for the crystallization of nonperforming loans (NPLs),” Moody’s Buyers Provider explained.
Refinancing problems stay tight, primarily for weaker debtors. In unique, the lender has a fairly higher exposure to actual estate when compared to other banks (at all over 8 per cent of its mortgage book on December 31, 2019. While there have been no NPLs in