Latvian 90-Day Overdue Loans Fall to 11.9% of Lending in October

Latvian loans overdue by more than 90 days fell to 11.9 percent of total lending in October from 12 percent in the previous month, the Baltic country’s banking regulator said.

Provisions for bad loans declined to 8.5 percent, or 1.01 billion lati ($1.9 billion) at the end of last month, from 8.6 percent in September, the Riga-based regulator said today in an e-mailed statement.

To contact the reporter on this story: Aaron Eglitis in Riga at

To contact the editor responsible for this story: Balazs Penz at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.