Greek systemic banks outperformed targets to reduce their “bad loans,” the Bank of Greece reported on Thursday.
The report was seen as critical for the credit-outlook of four systemic banks; Greece has the biggest share of Non-Performing Loans (NPLs) in Europe.
Greek banks offloaded €4,7bn since June 2016; that is a 7% drop. Since June 2016 the total bad debt portfolio fell from 107bn to €95,7bn or from 50,5% to 43% of their total assets. Greek NPLs weigh three times more on the banking portfo...


This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now