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Bad Loans at Greek Banks at Around 45%

Published 09/08/2015, 10:37 AM
Updated 09/08/2015, 10:37 AM

Greek banks' bad loans, which peaked after capital controls were imposed in late June, have dipped to around 45% of their loan books and are likely to fall further, daily newspaper Kathimerini said on Tuesday, citing bankers' estimates. The picture worsened in July, when in addition to capital controls banks were closed for a week, and when only about 15% of borrowers who had been repaying their loans normally in the past made monthly payments, the paper said. Under Greece's third bailout, which it agreed in July, up to 25 billion euros were allocated to recapitalize the banks. 

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