Staikouras: Greek banks' stock of NPLs to fall to single-digit rates in 2022

The Greek banks' stock of non-performing loans will fall to single-digit rate in 2022, Finance Minister Christos Staikouras said on Wednesday. "The correct, serious and methodical work done in the last two years, under the coordination of the former deputy Finance Minister George Zavvos, continues," the FinMin said in an announcement, adding that: "According to Bank of Greece data, Greek banks' NPLs totaled 29.4 billion euros in June 2021, 20.3 pct of total loans, recording an impressive decline during the last two years.

Source: The National Herald