Greece leads EU on cutting toxic loans in Q2

Greek banks reduced non-performing loans (NPLs) as a share of total outstanding assets the most of all European Union countries over the three months to end-June.

The NPL ratio of Greece fell by 2.2 percentage points to 39.2% over the quarter. Nominal amounts of NPLs fell €5.1 billion ($5.6 billion) to €79.2 billion, a drop of 6%. Total outstanding loans also dropped €1.8 billion (0.9%) to €201.7 billion over the period.

Greece cut NPLs at a faster clip than the EU as a whole. Total NPLs fell

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