Greece's bad debt ratio drops 82.8 pct in 6 years

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Greece's bad debt ratio drops 82.8 pct in 6 years

STORY: Greece's bad debt ratio drops 82.8 pct in 6 years DATELINE: May 18, 2022 LENGTH: 00:01:48 LOCATION: Athens CATEGORY: ECONOMY SHOTLIST: 1. various of the Bank of Greece 2. various of the economic forum about Non-performing loans (NPLs) in Greece's banking system held in Athens on Tuesday 3. various of the National Bank of Greece 4. SOUNDBITE 1 (Greek): CHRISTINA PAPACONSTANTINOU, Bank of Greece (BoG) Deputy Governor 5. SOUNDBITE 2 (Greek): CHRISTOS STAIKOURAS, Greece Finance Minister STORYLINE: Non-performing loans (NPLs) in Greece's banking system had been reduced by 82.8 pct in the period 2016-2021, but the outlook for the future is cloudy due to the new challenges, local officials told an online economic forum in Athens on Tuesday. NPLs at the end of December 2021 amounted to 18.4 billion euros (19.4 billion U.S. dollars), down by 90.3 billion euros compared to March 2016, when they had peaked during the acute debt crisis Greece went through (2010-2018), said Christina Papaconstantinou, Bank o

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