ECONOMY

NPL reduction going well for Piraeus Bank

NPL reduction going well for Piraeus Bank

Piraeus Bank is on course of reducing its stock of nonperforming loans to 19.1 billion euros by the end of the year, from 23 billion in end-March, according to an interview the group’s Chief Executive Officer Christos Megalou gave to Bloomberg.

The bank has already sold bad loans worth about half a billion from its subsidiaries in Serbia, Romania and Bulgaria.

Banking

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