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KM Financial Solutions | Bank of Greece says $26.3 bln bad loans serviced by specialist firms in Q4
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Bank of Greece says $26.3 bln bad loans serviced by specialist firms in Q4

15 Mar Bank of Greece says $26.3 bln bad loans serviced by specialist firms in Q4

Posted at 12:47h in News by
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Credit servicing firms (CSFs)
licensed by Greece’s central bank were servicing a total of 23.5
billion euros ($26.3 billion) of non-performing loans at the end
of December, it said on Monday.
Greek banks have been working to reduce about 75.4 billion
euros in bad loans at the end of June, the legacy of a financial
crisis that shrank the country’s economy by a quarter.
Shedding these is crucial for their ability to lend and
shore up profitability.
The

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