bad debtors

Greek banks plan to add strategic bad debtors to an e-auction platform, which is due to begin operating by the end of November, bank sources said on Monday. Such payers have significant incomes and property assets and are capable...

Sources from Bank of Greece say that several wealthy businessmen have allowed their companies to lapse into over-indebtedness. According to a Kathimerini daily report, one in ten bad debtors in Greece have large bank accounts. Banks estimate that non-performing loans...