Maltese banks see increase in non-performing loans
Bank action led to improved coverage ratios
The share of non-performing loans in the total portfolios of Malta's five "core" domestic banks rose to 9.2% in 2013, up from 8.2% in 2012, according to the latest financial stability report published by Central Bank of Malta.
In response to this escalation, the banks have increased their provisioning levels, the report said, which resulted "in improved coverage ratios".
Although credit risk still remains a key challenge for banks, "arising particularly from specific weak performing sectors"
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