NPEs ease in Greece at end of 2016
Non-performing exposure (NPEs) within the Greek banking system fell by 1.2 percent at the end of 2016, compared to the end of September 2016. The total, at the end of the year, stood at an “Olympus-sized” 106.3 billion euros.
According to the Bank of Greece (BoG), the development marked the third consecutive quarter in which the total of NPEs decreased, and the first quarter – since the commencement of the current economic crisis – in which the NPE index fell.
Nevertheless, the BoG reminded, in a relevant report, that despite the reduction the NPE index remains very high in every portfolio of loan exposures.
Specifically, at the end of December 2016 the NPE index for mortgage-linked borrowing was 41.5 percent; 54 percent for consumer borrowing and 44.6 percent for the business/corporate portfolio.
You may be interested
Immediate US sanctions against Turkey for S-400 systemmakis - Dec 04, 2020
The 2021 National Defense Authorization Act (NDAA) provides for the imposition of sanctions against Turkey for the acquisition of the…
Covid-19 Greece – 1,882 new cases on Thursdaymakis - Dec 03, 2020
The Greek authorities announced 1,882 new cases of coronavirus on Thursday, 8 of which were detected following checks at the…