BUSINESS

NPLs held by Greek banks post drop in H1

TAGS: Banking

The amount of nonperforming loans (NPLs) held by Greek banks in the first six months of 2016 has dropped due to payment schemes but nonperforming exposures (NPEs) are on the rise, according to banking sources.

NPLs refer to loans that have payment delays of more than 90 days.

According to bank executives’ estimates at the end of June, NPLs were down to 34.5 percent from 35.6 percent at the end of December, 2015.

NPEs, on the other hand, were up 46 percent from 44.2 percent last December.

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