Polish banking with low NPL ratio

Polish banking was shortlisted among best results in CEE region in terms of NPL ratio. In 2013, Poland alongside with the Czech Republic and Slovakia recorded a one-digit number, according to Restructuring Central Europe. NPL markets to gain momentum report published by the consulting company Deloitte. Poland recorded 8.5 percent NPL ratio, the Czech Republic 5.9 percent and Slovakia 5.8 percent. The total value of default loans in the region was almost €60 billion in 2013, whereas Polish credits accounted for €16.5 billion of the amount. As much as 55 percent of default loans is possible to recover in Poland and the average time of recovering is three years, Deloitte estimated. A non-performing loan (NPL) is a loan that is in default or close to being in default.