Greece, Cyprus and Bulgaria were the three European countries whose banking systems had the highest nonperforming loan ratios at the end of the first half of 2018, according to the latest transparency exercise by the European Banking Authority.
Greece's and Cyprus' NPL ratios were 44.81% and 26.48%, respectively, while Bulgaria's stood at 16.17%. Portugal's banking system was close behind, with a ratio of 15.03%.
Luxembourg's and Sweden's banks, meanwhile, had the lowest NPL ratios at below 1%.
The banking systems of Hungary, Slovenia and Poland had the highest coverage ratios as of June-end, at 67.38%, 61.01% and 60.39%, respectively.
2018 EBA transparency exercise: Iceland, Spain at top, bottom of capital table
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