Greek banks’ loan quality is deteriorating

Economy Tags: Banking
Photo by MacroPolis
Photo by MacroPolis

One of the most worrying conclusions to emerge from the conference calls that followed the announcement of the Greek banks’ 2014 financial results was the deterioration of the quality of their Greek loan portfolios in the first two months of the year.

This was mostly evident in household lending portfolios and particularly in housing loans, ahead of the implementation of SYRIZA’s proposal for a settlement of non-performing loans (NPLs), which has still not been specified.

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