Tuesday May 5, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Bad loans increase by 50 percent in 2012

By Yiannis Papadoyiannis

Nonperforming loans soared in 2012, with bank officials estimating the rise at some 50 percent on an annual basis.

Officials say that NPLs came close to 24 percent of all loans at the end of December, from 16 percent in December 2011, while all bad loans come to a considerable 55 billion euros. This means that the sum of NPLs exceeds the total of the funds set aside for the recapitalization of the local credit system, which amount to 50 billion.

Nevertheless, there has been a notable improvement in economic conditions that is reflected in the significant slowdown in the rate of creation of new bad loans.

However, unless the growth of new NPLs is contained, banks may need yet another recapitalization process at the end of 2013, the same sources say.

ekathimerini.com , Wednesday Jan 2, 2013 (21:40)  
Greece willing to move ahead on key asset sales to appease lenders, says source
Outlook for Greece casts cloud over Europe´s ´brightest spring in several years´
Greek debt talks progressing, no breakthrough yet, says Austrian FinMin
Greek bonds rise on reports that IMF may cut off funding lifeline
Tsipras, Merkel discussed state of negotiations, says official
Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel held a phone conversation on Monday night to discuss ongoing talks with international creditors, a Greek government of...
Most want euro even with new bailout deal
The majority of Greeks want the country to stay in the eurozone should ongoing negotiations with foreign creditors fail, even if that means signing a new bailout deal, a new survey has found...
Inside News
TRACK & FIELD
Over 18,000 runners participate in the Athens Half Marathon
The 4th Athens Half Marathon was an unqualified organizing and sporting success on Sunday, as thousands of runners joined in the race of the 21-kilometers and the 3k and 5k runs in the capit...
SOCCER
Six teams to fight to avoid the last relegation spot
Panthrakikos was the biggest winner of the penultimate round of Super League games on Sunday through its victory at Veria, on the day that Olympiakos partied for its fifth consecutive title....
Inside Sports
COMMENTARY
Empty admissions of fault
News that the International Monetary Fund’s managing director, Christine Lagarde, has ordered a probe into who bears responsibility for the failure of the Greek program during the 2010-12 pe...
EDITORIAL
No more division
Greece will experience some serious turbulence in the days and weeks ahead as it faces several key dates that will determine its fate. It is extremely unlikely that the country will survive ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Tsipras, Merkel discussed state of negotiations, says official
2. Greece willing to move ahead on key asset sales to appease lenders, says source
3. Outlook for Greece casts cloud over Europe´s ´brightest spring in several years´
4. Greek debt talks progressing, no breakthrough yet, says Austrian FinMin
5. Greek bonds rise on reports that IMF may cut off funding lifeline
6. Most want euro even with new bailout deal
more news
Today
This Week
1. Dozens of migrants rescued at sea
2. Empty admissions of fault
3. OTE vies for control of Albtelecom
4. Greeks bet 5.9 billion euros on games of chance last year
5. No more division
6. Most want euro even with new bailout deal
Today
This Week
1. The Good, the Bad and the Ugly
2. Greece’s day of reckoning inches closer as debt payments loom
3. Greek decision to exit euro would be disastrous for Greece
4. Greece’s decade-long relationship with Merkel
5. Varoufakis attacked by anarchists while dining in Athens
6. No need to widen the rift
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.