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Daily Archives: July 28, 2020

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Bank of Greece Considers Setting up “Bad Bank”

Due DiligenceBy SulemanBaigJuly 28, 2020

The Bank of Greece, the central bank for the country, is considering setting up a “bad bank” in order to deal with sour loans that are weighing down the country’s banking industry. Thanks to the coronavirus pandemic the country has seen the number of non-performing loans (NPLs) surge at such a rate that the Bank…

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