Bank of Greece report overviews lenders' profitability, urges drastic NPL management

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

The Bank of Greece (BoG) published on Tuesday an overview of the Greek financial sector, providing an update on the key developments and data over the past five years regarding banks’ profitability, loan quality and cards’ transactions.

The report showed that over the past five years, Greek banking groups’ assets have declined by 114.4 billion euros to 345.8 billion at the end of 2015 from 460.2 billion at the end of 2010. Over this period, net loans dropped by 121.7 billion to 185.1 b...

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