Banks moving at pace on road to recovery

EconomyBanking Tags: Alpha, Banking, Eurobank, NBG, Piraeus

The momentum of positive developments in the Greek banking sector is growing as systemic lenders appear to be leaving behind them, with gradual but steady steps, the legacy issues of the decade-long debt crisis that damaged their balance sheets.

In the latest official data on bad loans on the banks’ balance sheets released by Bank of Greece last week, the stock of NPEs on the banks’ books dropped below 35 billion euros. At the peak, they were edging close to 120 billion euros. The NPE ratio has...

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