Tuesday September 16, 2014 Search
Weather | Athens
28o C
21o 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)  
ECBs Liikanen says bank ready to take more action if necessary
Job creation is mostly seasonal
Primary surplus at 2.3 bln euros in end-August
Supermarket chains stifling traditional retail food stores
PM to inaugurate new surgery wing at Evangelismos Hospital
Prime Minister Antonis Samaras is due on Tuesday to inaugurate the new surgery wing of the Greek capital's Evangelismos Hospital, built with funding from the National Bank of Greece. The new...
Thessaloniki woman arrested for cashing in dead aunts pension
A 64-year-old woman was arrested in the Langada suburb of Thessaloniki on Tuesday, on suspicion that she had been cashing in the pension of a dead aunt for six years. The unnamed woman, who ...
Inside News
WATER POLO
Greece wins womens U19 Europeans in water polo
Greece won the womens European Under-19 Championship in Italy beating the host in Sundays final, for what was the countrys second gold medal in the competitions history. The Greek teenag...
SOCCER
Veria alone on Super League summit
Olympiakos appeared in fine shape ahead of its Champions League premiere against Atletico Madrid on Tuesday, beating visiting OFI 3-0 on Saturday, but Macedonian minnows Veria are those that...
Inside Sports
COMMENTARY
Lessons not learned
One year since the assassination of rapper Pavlos Fyssas by a member of Golden Dawn in Keratsini, southwestern Athens, we now know a lot more about the activity of the neo-Nazi partys hit s...
EDITORIAL
Promises, promises
Main opposition SYRIZA leader Alexis Tsipras was given the opportunity to set himself apart from his predecessors and their catastrophic practices during his recent appearance at the Thessal...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. PM to inaugurate new surgery wing at Evangelismos Hospital
2. ECBs Liikanen says bank ready to take more action if necessary
3. Thessaloniki woman arrested for cashing in dead aunts pension
4. Greece at bottom of social justice scale among EU28
5. Job creation is mostly seasonal
6. Primary surplus at 2.3 bln euros in end-August
more news
Today
This Week
1. Greece at bottom of social justice scale among EU28
2. Promises, promises
3. Lessons not learned
4. Thessaloniki woman arrested for cashing in dead aunt's pension
5. ECB's Liikanen says bank ready to take more action if necessary
6. PM to inaugurate new surgery wing at Evangelismos Hospital
Today
This Week
1. A Greek God
2. Greece on standby
3. Avramopoulos appointed Commissioner for Migration and Home Affairs
4. Central Athens traffic restrictions back in force on Monday
5. EU bank tests may miss trillion dollar risk, study finds
6. Pavlos Fyssas murder trial expected to start before the end of the year
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.