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...
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