Moody’s cites credit positive development with decrease in Greek banks’ NPLs in Q1
Moody’s on Friday referred to a “credit positive” development in terms of Greek banks’ exposure to non-performing loans, after Q1 2016 results showed that decreasing exposure for a second consecutive quarter.
Provisions also decreased in the first three months of the year, a trend considered as allowing for a return to profitability by Greece’s four systemic banks. The total NPLs figure (delays more than 90 days) is above 90 billion euros, although a decrease in the figure of 400 million euros was recorded between December 2015 and March 2016.
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