Latvian Overdue Loans Fall to 11.6%, Regulator Says

Latvian loans overdue by more than 90 days fell to 11.6 percent of the total in November from 11.9 percent in the previous month, the Baltic country’s banking regulator said.

Loan-loss provisions declined to 8.4 percent, or 1 billion lati ($1.9 billion), at the end of last month, down from an 8.5 percent share in October, the Riga-based regulator said today in an e-mailed statement.

To contact the reporter on this story: Ott Ummelas in Tallinn at oummelas@bloomberg.net

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

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