1 in 3 Greek Loans Unserviced
- Written by E.Tsiliopoulos
One in three loans by Greek banks is not being regularly service, according to the Bank of Greece (BoG).
Loans in the red for 2013, are hovering around 32% of the total loan portofolios in Greek banks. The number is on the rise since December 2012 when it stood at 24.5%, and 2011 when it srtood at 15%.
The total amount of unserviceable debt from the end of 2011 to this day is around 79 billion euros.
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