Post-Covid era dawns on new landscape for bad debt in Greece

EconomyFeatures Tags: Banking, NPLs, Property By: Georgia Nakou
Photo by MacroPolis
Photo by MacroPolis

At the peak of the Greek financial crisis, Greek banks had accumulated over 100 billion euros of bad loans. At the time, almost half of their outstanding loan amounts fell into this category, with borrowers falling behind on their repayments or deemed as being unlikely to pay.

Several years down the line, a new set of instruments and institutions has emerged to manage bad debt, a large portion of which has been transferred from the banks to other entities. The new landscape which has emerged presents a sunnier prospect for ba...

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