Gross non-performing loans rose to 4.0 percent from 3.8 percent in 2011, but the ratio is much lower than the 8.5 percent seen after a balance of payments crisis in 2008. Net non-performing loans have risen to 2.4 percent from 2.1 percent.
There has been a faster weakening of capital ratios amid strong credit growth. Tier I capital ratio fell to 13.3 percent from 14.4 percent and total capital adequacy fell to 13.3 percent from 14.4 percent.
Net non-performing loans to capital funds rose to 14.1 percent by the end of the third quarter of 2012 from 11.5 percent in 2011.