Greece
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nonperforming loans

Strategic Defaulters Owe €10 Bln to Greek Banks

One in five (21%) of nonperforming loans in Greek banks’ portfolios, amounting to 10 billion euros, belong to borrowers who are able to repay them but choose not to in the hope they could get a favorable settlement. According to...

Non-Performing Loans at Greek Banks Receive Boost by Lenders

According 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...

Four Firms Apply for Red Loan Management License in Greece

Four companies have submitted applications to the Bank of Greece to obtain a license to manage nonperforming loans (NPLs) of households and small businesses, according to a Kathimerini report. The firms will not be buying the loans, but their only...