Friday December 19, 2014 Search
Weather | Athens
17o C
10o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Bad loans rise to 33 pct of all credit issued

By Evgenia Tzortzi

Nonperforming loans to enterprises and households in Greece peaked in the first quarter of the year, exceeding 71 billion euros. This amounted to a third of the banks loan portfolios, which at the end of March added up to 215.9 billion euros, according to bank data.

There was therefore a rise from 31.8 percent at end-December to 33 percent in the bad loan rate within three months, although credit sector experts are now speaking about a slowdown in the creation of new NPLs and expect the growth rate to come to zero at the end of the second quarter. The third quarter should see the bad loan rate start to drop, according to the same estimates.

The latest data show that the biggest problem remains in consumer credit, which was the first to be hit by the financial crisis. However there is also a growing problem in corporate loans, which constitute the largest category of loans to the private sector as they account for some 60 percent of lenders portfolios. Bank data take the sum of corporate loans delayed for at least 90 days to 38 billion euros, while small and medium-sized enterprises have a 47 percent rate of bad loans, which will soon hit 50 percent.

ekathimerini.com , Wednesday May 21, 2014 (22:52)  
Importers told to pay up in advance
Jobless rate posts steady decline
Piraeus and KKR strike loans portfolio deal
German approval and praise come at key time
Stores wrecked in protests to be let off municipal fees
Athens Mayor Giorgos Kaminis on Thursday proposed that businesses in the capital that suffered damage when demonstrations turned violent on December 6, the sixth anniversary of the police ki...
SYRIZA rules out political consensus before polls
Leftist SYRIZA leader Alexis Tsipras on Thursday categorically ruled out any kind of consensus with other political parties before elections. We are prepared at this historic moment to lead...
Inside News
SOCCER
PAOK loss at Giannina brings Olympiakos to within a point
The bad losses that PAOK and Panathinaikos suffered on the road on Thursday allowed Olympiakos to gain significant ground on the table and come to within one point from the top after the mid...
BASKETBALL
Reds lose in Turkey to motivated Galatasaray
Olympiakos went down at Galatasaray 79-74 on Thursday for its second defeat in the first round of the Euroleague that ended with the Reds topping their pool with eight wins in 10 games. With...
Inside Sports
COMMENTARY
New weapons of diplomacy
Hollywood screenwriters couldnt make it up: That Sony, one of the worlds biggest film producers, would be forced to pull a comedy about the assassination of North Koreas dictator after a ...
COMMENTARY
Europes drama in Greece needs final act to avoid tragedy
Judging from Wednesday's vote in the Greek parliament, Prime Minister Antonis Samaras may not get the mandate he wants to keep economic austerity measures in place and avoid defaulting on th...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. PAOK loss at Giannina brings Olympiakos to within a point
2. Reds lose in Turkey to motivated Galatasaray
3. Importers told to pay up in advance
4. Jobless rate posts steady decline
5. Piraeus and KKR strike loans portfolio deal
6. German approval and praise come at key time
more news
Today
This Week
1. Europe's drama in Greece needs final act to avoid tragedy
2. Election looms as Samaras fails to win vote for president
3. What SYRIZA says about Greeces economy, its debt and the euro
4. Kammenos maintains firm position, says general election is 'one-way street'
5. Snap elections would lead to euro exit, says former premier
6. Merkel says Russia sanctions to remain unless Putin yields; Greece's prospects 'better than two years ago'
Today
This Week
1. Juncker warns Greeks against voting 'extreme forces' into power
2. Romanos and the dilemma
3. Samaras summons bond vigilantes with euro exit talk
4. A friendly yet firm message from Pierre Moscovici
5. Greece reruns doomsday scenario as politics collide with markets
6. Gap between SYRIZA and New Democracy closing, says poll
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.