The volume of overdue loans is growing like a snowball. Will they forgive it? 0 13

Data from KIB shows that the outstanding balance of active credit obligations of individuals reached 9.9 billion euros in March 2026. Of this amount, the balance of credit obligations overdue for more than 90 days amounted to 986 million euros.

"Any person can miss a payment — it could be forgetfulness, a technical error, or temporary cash flow difficulties. However, if the delay exceeds 90 days, this is already a long enough period to talk about more serious financial problems. Therefore, this threshold is widely used in assessing credit risk," explains Intars Mikelsons, the executive director of KIB.

KIB collects information not only from the financial sector but also from non-financial sector companies — utility providers, medical institutions, debt collection companies, as well as other debts. This data allows for a more complete picture of the financial obligations of residents.

The amount of debt of individuals to non-financial sector enterprises in March 2026 was 764 million euros, while those with overdue credit obligations exceeding 90 days had debts to non-financial sector enterprises amounting to 375 million euros.

"Financial difficulties rarely start and end with just one overdue loan payment. Often, a person accumulates other debts at the same time — for utilities, medical care, or everyday services," notes KIB.

The collected information shows that among all individual borrowers, 62% had obligations to one creditor, 23% to two creditors, and 13% to three creditors. If creditors from the non-financial sector are also considered, it is evident that for some debtors, the total number of creditors significantly increases.