Bad quality loans in EU halved since 2015, but Greece and Cyprus stockpile still large

Kathimerini English Edition | Nov 8, 2019 at 11:42 AM
  • The stockpile of bad bank loans in the European Union has halved over the past four years but remains hefty at lenders in Greece and Cyprus, the bloc’s banking watchdog said on Friday.
  • The volume of NPLs across EU banks has fallen from 1.15 trillion euros ($1.27 trillion) in June 2015, when they were 6 percent of total loans, to 636 billion euros or 3 percent by June 2019.
  • Greece’s NPL ratio was 39.2 percent in June this year.