Gloomy long-term outlook for Greek banks
2012-06-20 11:11:01
Greek banks are projected to lose some €30 billion from non-performing loans over the next three years,” a senior bank official said on Tuesday.
“The expected losses from non-performing loans were calculated by BlackRock, according to stress-test scenarios, at €30 billion over the next three years,” said Panagiotis Roumeliotis, non-executive vice-president of Piraeus Bank and former Greek representative at the International Monetary Fund.