Piraeus Q3 trading update shows significant acceleration in NPL formation

EconomyBanking Tags: Banking, NPLs, Piraeus
Photo by MacroPolis
Photo by MacroPolis

Following a more detailed trading update for the second quarter (Q2) published last week, Piraeus Bank released on Monday a condensed trading update for Q3 outlining the evolution of the key balance sheet items.

At the same time, loan deleveraging continued with gross loans contracting 1.1 percent QoQ to 68.9 billion euros, whilst the Greek figure recorded a slighter drop by 0.9 percent to 63.3 billion.

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