Report Published: "Consumer Lending in Greece"
Consumer lending in Greece was virtually non-existent in 2013, as gross lending towards consumers (and also businesses) hit an all-time low. Greek banks face major liquidity problems - which demonstrated some signs of slow recovery following the elections of summer 2012, but declined again after the events in Cyprus - banks' involvement in the PSI ('haircut' of Greek state bonds) and an alarming figure of non-performing loans (NPLs). Even after their recapitalisation in May 2013, which...
View full press release