‘Bad loans’ held by Greek banks reduced in June 2018

7 September 2018
575 Views

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

Turkey’s AKP “to submit bill to curb widespread use of English”
DEFENCE
shares25 views
DEFENCE
shares25 views

Turkey’s AKP “to submit bill to curb widespread use of English”

Panos - Aug 05, 2020

According to a report from the Turkish newspaper Duvar, the Turkish Language Association (TDK) has been seeking to cut the…

Covid-19 Greece – 121 new cases reported
GREECE
shares48 views
GREECE
shares48 views

Covid-19 Greece – 121 new cases reported

Panos - Aug 05, 2020

Another 121 cases of the Cpvid-19 virus were announced by the National Public Health Organisation (EODY), shortly before the briefing…

Beirut Explosion: Two Greeks injured, information for one fatality
GREECE
shares22 views
GREECE
shares22 views

Beirut Explosion: Two Greeks injured, information for one fatality

Panos - Aug 05, 2020

Two Greeks are among the thousands injured in yesterday’s blast in Beirut that shocked the world. In the last hour,…

Leave a Comment

Your email address will not be published.