Hercules APS delivers largest ever quarterly NPE reduction as ratio drops to 21.3 pct in Q2

EconomyBanking Tags: Alpha, Banking, BoG, Eurobank, NBG, NPLs, Piraeus
Photo by Panayiotis Tzamaros/Fosphotos
Photo by Panayiotis Tzamaros/Fosphotos

The Bank of Greece has released the latest data on non-performing loans for the second quarter of the year. It shows the NPE ratio standing at 21.3 pct - a level not seen in several years.

Broken down by segment, consumer NPEs were the highest at 33.6 pct, followed by roughly equal percentage for mortgages at 20.4 pct and business loans at 20.2 pct.

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