ECB: Greece, Cyprus have highest bad loan ratios in third quarter

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ECB: Greece, Cyprus have highest bad loan...
 © In-Cyprus 2020
Greek banks had the highest ratio of non-performing loans (NPLs) among banks supervised by the European Central Bank in the third quarter, followed by those of Cyprus, Portugal and Italy, the ECB said on Wednesday.

Supervisory banking data on asset quality showed the NPL ratio eased further in last year’s third quarter to 3.41%, falling to its lowest level since time series were first published by the ECB in the second quarter of 2015.

Greece had the highest NPL ratio at 37.4%, followed by Cyprus at 17.5%, Portugal at 10% and Italy at around 7%.

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ECB: Greece, Cyprus have highest bad loan ratios in third quarter


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