Polish banking with one of best NPL ratio in CE

The Polish banking system was listed as having one of the best results in the CEE region in terms of non-performing loans ratio. In 2013, Poland alongside with the Czech Republic and Slovakia recorded a one-digit NPL figure, according to a report published by Deloitte, a consulting company. Poland recorded 8.5 percent NPL ratio, the Czech Republic had 5.9 percent and Slovakia - 5.8 percent. The total value of default loans in CEE was almost €60 billion in 2013, whereas Polish banks accounted for €16.5 billion of the total sum. 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.