bad loans

Greek bankers estimate that the amount of non performing loans created in the first two months of 2015 amount to 2 billion euros. This is twice the amount of new bad loans created in the last two months of 2014,...

Bank of Greece (BoG) Governor and former Finance Minister Giannis Stournaras has warned the Greek government that a final agreement with the country's loan partners should soon be reached in order to avoid a frightful setback to the country's economic...

Sources from Bank of Greece say that several wealthy businessmen have allowed their companies to lapse into over-indebtedness. According to a Kathimerini daily report, one in ten bad debtors in Greece have large bank accounts. Banks estimate that non-performing loans...

Greek banks are ready to implement the law on "bad loans." This emerged after today's meeting at the government headquarters between Prime Minister Antonis Samaras, government Vice President Evangelos Venizelos, Finance Minister Gikas Hardouvelis, Alternate Finance Minister Christos Staikouras,...

Nikos Dendias tabled his last regulation as Minister of Development earlier today. He was later sworn before the Archbishop of Athens and All Greece Ieronymos as the new National Defense Minister replacing Dimitris Avramopoulos. The amendment regards bad business loans...

The government and Greek banks are considering a change of rules governing the operation of the Tiresias Credit Consolidation System, by introducing a more flexible system in order to stop the rising number of bad loans. In this context, authorities are examining...