2015-11-01 — zerohedge.com
The total amount of bad loans (those which have remained unserviced for at least 90 days) has reached 100 billion euros, and the BoG data show that 70 percent of the loans that have entered payment programs remain nonperforming.
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This is a major problem for the Greek Banks but even more so for The ECB as there is not much it can do to 'control' NPLs and given provisions for bad loans are a mere EUR40bn - there is a big hole here that no one is accounting for...
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