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GreekReporter.comGreek NewsEconomyNon-Performing Loans at Greek Banks Receive Boost by Lenders

Non-Performing Loans at Greek Banks Receive Boost by Lenders

hiding cashAccording to sources, four systemic banks in Greece recorded new non-performing loans (NPLs) provisions in Q2, showing a significant increase from Q1.
The four banks of Piraeus, National, Alpha and Eurobank all recorded provisions by lenders of some 1.04 billion euros in Q2 as compared to Q1 figures of 877 million euros, according to published data released this week by the banks.
Besides the build up of NPLs, the banks are also facing an increasing 30 billion euros worth of loans that are not performing well, even under current restructuring.
The total amount of non-performing exposures (NPEs) reported by the banks covers both loans under reconstruction and NPLs, totaling the amount of over 100 billion euros.

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