Business & Finance
Greek central bank sees 8-10bn euros of new bad loans due to pandemic
- He said loans under payment moratoria stood at around 20 billion euros currently.
ATHENS: Greek banks are likely to be burdened by 8.0-10.0 billion euros of new impaired loans as a result of the COVID-10 pandemic, the country's central bank governor said on Thursday.
"The new non-performing loans that will be born out of the pandemic are projected at 8 to 10 billion euros," Bank of Greece Chief Yannis Stournaras told an e-conference on restarting the economy.
He said loans under payment moratoria stood at around 20 billion euros currently.
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