‘Bad loans’ held by Greek banks reduced in June 2018
Greek banks continued to reduce their exposure to “bad loans” in the second quarter of 2018, according to figures released by the Bank of Greece (BoG) on Thursday.
The sale of NPL portfolios by two out of the four banks, valued at roughly two billion euros, was cited as the biggest development in continuing the reduction of “bad debt”.
Specifically, at the end of June 2018, the value of NPEs in the country reached 88.6 billon euros, or 47.6 percent of the total. That figure is down by 4.1 percent compared to the end of March 2018 and 6.1 percent compared with the end of December 2017.
You may be interested
Eurostat: Greek debt reaches 181,1% of GDP in 2018makis - Apr 25, 2019
According to data released Tuesday by Eurostat, Greece’s public debt rose in 2018 to 334.57 billion euros from 317.48 billion…
A 4.1 earthquake hits Dimitsanamakis - Apr 25, 2019
A magnitude 4.1 earthquake on the Richter scale shook the city of Dimitsana, Arcadia, according to the Athens Geodynamic Institute.…