Greek Nonperforming Loans Increase

May 19, 2015
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Nonperforming loans in Greece have began to increase in this year's initial quarter, after experiencing lengthy strides.

Greek bank experts predicted that between January until March, the faulty loans rose by 34.4% at the end of December, to approximately 35% by the end of March, by 60-70 basis points, as reported by Kathimerini.

The results are ascribed to the nation's failure to find an agreement with international creditors, positive payment installment anticipations, and overall financial concerns.

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