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 aeglitis@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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