The Traderszone Network

Published in TZ Latest News 7 September, 2015 by The TZ Newswire Staff

Greek banks’ bad loans at around 45 percent: local paper

Greek banks’ bad loans, which peaked after capital controls were imposed in late June, have dipped to around 45 percent of their loan books and are likely to fall further, daily newspaper Kathimerini said on Tuesday, citing bankers’ estimates. The figure for bad loans – defined as credit more than 90 days in arrears or likely to fall into that category – was 40.8 percent at the end of the first quarter, according to latest official figures.

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