By Yiannis Papadoyiannis
www.ekathimerini.com/4dcgi/...icles_wsite2_1_20/11/2014_544791
ÜS
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Dealing with the problem of nonperforming loans constitutes the local credit system’s biggest challenge now that Greek banks have successfully completed the stress tests, confirming their capital health, and the economy has returned to growth.
The NPL figures are shocking: From 10 billion euros in 2007, bad loans have now exceeded 77 billion, which means that 35 percent of all loans are not being serviced properly.
The rise of nonperforming loans has been meteoric. They amounted to just 4.5 percent of all loans in 2007, then doubled to 9 percent by June 2010, had exceeded 18 percent by March 2012 and stood at 30 percent in September 2013.
www.ekathimerini.com/4dcgi/...icles_wsite2_1_20/11/2014_544791
ÜS
translate.google.de/...2014_544791&edit-text=&act=url
Dealing with the problem of nonperforming loans constitutes the local credit system’s biggest challenge now that Greek banks have successfully completed the stress tests, confirming their capital health, and the economy has returned to growth.
The NPL figures are shocking: From 10 billion euros in 2007, bad loans have now exceeded 77 billion, which means that 35 percent of all loans are not being serviced properly.
The rise of nonperforming loans has been meteoric. They amounted to just 4.5 percent of all loans in 2007, then doubled to 9 percent by June 2010, had exceeded 18 percent by March 2012 and stood at 30 percent in September 2013.